Shares of Spring Valley Acquisition Corp. (OTCMKTS:SVSVU – Get Free Report) were up 1.4% on Tuesday. The company traded as high as $11.25 and last traded at $11.15. 2,900 shares changed hands during trading, a decline of 48% from the average session volume of 5,602 shares. The stock had previously closed at $11.00.
Spring Valley Acquisition Trading Up 1.4%
The firm’s fifty day simple moving average is $11.15 and its 200 day simple moving average is $11.15.
Spring Valley Acquisition Company Profile
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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