Swiftmerge Acquisition Corp. (NASDAQ:IVCP – Get Free Report) shares fell 3.1% during trading on Friday . The company traded as low as $2.45 and last traded at $2.50. Approximately 126,979 shares traded hands during mid-day trading, an increase of 559% from the average session volume of 19,270 shares. The stock had previously closed at $2.58.
Swiftmerge Acquisition Trading Down 3.1%
The stock has a market capitalization of $17.10 million, a P/E ratio of -125.00 and a beta of 0.03. The company has a fifty day simple moving average of $2.98 and a two-hundred day simple moving average of $3.60.
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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