Spring Valley Acquisition Corp. (NASDAQ:SV – Get Free Report) shares rose 8.4% on Wednesday . The company traded as high as $9.97 and last traded at $9.81. Approximately 55,598,637 shares traded hands during mid-day trading, an increase of 10,379% from the average session volume of 530,580 shares. The stock had previously closed at $9.05.
Spring Valley Acquisition Price Performance
The business has a 50-day moving average price of $9.27 and a 200-day moving average price of $11.05.
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.
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