Shares of Swiftmerge Acquisition Corp. (NASDAQ:IVCP – Get Free Report) shot up 0.4% during mid-day trading on Friday . The stock traded as high as $2.44 and last traded at $2.40. 4,515 shares traded hands during trading, a decline of 77% from the average session volume of 19,270 shares. The stock had previously closed at $2.39.
Swiftmerge Acquisition Trading Up 8.8%
The firm has a market capitalization of $17.85 million, a price-to-earnings ratio of -130.50 and a beta of 0.03. The business’s fifty day moving average price is $2.72 and its 200 day moving average price is $3.47.
About Swiftmerge Acquisition
Swiftmerge Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in West Vancouver, Canada.
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