Shares of Spring Valley Acquisition Corp. (NASDAQ:SV – Get Free Report) dropped 27.5% during trading on Tuesday . The stock traded as low as $19.66 and last traded at $20.27. Approximately 25,701,129 shares changed hands during mid-day trading, an increase of 4,744% from the average daily volume of 530,580 shares. The stock had previously closed at $27.97.
Spring Valley Acquisition Stock Down 27.5 %
The company has a fifty day moving average of $22.87 and a 200 day moving average of $16.35.
About Spring Valley Acquisition
Spring Valley Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in Dallas, Texas.
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