Shares of Spring Valley Acquisition Corp. (OTCMKTS:SVSVU – Get Free Report) shot up 1.4% during mid-day trading on Tuesday. The company traded as high as $11.25 and last traded at $11.15. Approximately 2,900 shares changed hands during trading, a decline of 48% from the average daily volume of 5,602 shares. The stock had previously closed at $11.00.
Spring Valley Acquisition Price Performance
The company has a 50 day moving average price of $11.15 and a 200 day moving average price of $11.15.
About Spring Valley Acquisition
Spring Valley Acquisition Corp. was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Unlike a traditional operating business, it did not manufacture products or provide services directly; its principal activities involved evaluating potential acquisition targets, negotiating a transaction and seeking shareholder approval.
The company operated as a publicly traded acquisition vehicle under the Spring Valley name and focused on finding a suitable merger or similar business combination.
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