Spring Valley Acquisition Corp. (NASDAQ:SV – Get Free Report) shares were down 0.5% during mid-day trading on Thursday. The company traded as low as $5.50 and last traded at $5.67. Approximately 17,494,271 shares traded hands during mid-day trading, an increase of 3,197% from the average session volume of 530,580 shares. The stock had previously closed at $5.70.
Spring Valley Acquisition Trading Down 0.5%
The company has a 50-day moving average of $8.01 and a 200 day moving average of $11.07.
About Spring Valley Acquisition
Spring Valley Acquisition Corp. was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Unlike an operating business, it did not sell products or provide services of its own while searching for a merger or acquisition target.
Spring Valley Acquisition completed a business combination with AeroClean Technologies, Inc, an air- and surface-purification technology company, in 2021. Following the transaction, the combined company operated as AeroClean Technologies and traded under the ticker symbol AERC.
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