Spring Valley Acquisition (NASDAQ:SV) Shares Down 7% – Time to Sell?

Spring Valley Acquisition Corp. (NASDAQ:SV)’s stock price was down 7% during trading on Thursday . The stock traded as low as $14.86 and last traded at $15.57. 27,031,963 shares were traded during mid-day trading, an increase of 4,995% from the average session volume of 530,580 shares. The stock had previously closed at $16.74.

Spring Valley Acquisition Stock Up 2.3%

The company has a fifty day moving average price of $17.95 and a 200-day moving average price of $29.60.

About Spring Valley Acquisition

Spring Valley Acquisition Corp. (NASDAQ: SV) is a publicly traded special purpose acquisition company (SPAC) incorporated in Delaware. The company’s primary objective is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. Spring Valley Acquisition seeks to leverage its management team’s experience and capital resources to identify and complete a transaction that delivers value to its shareholders.

Since its initial public offering, Spring Valley Acquisition has focused on opportunities within technology, media, telecommunications and consumer sectors.