Shares of Simec Atlantis Energy Ltd (LON: SAE) today surged 26.9% higher extending Friday’s rally, which was triggered by news of a £170 million financing deal signed by the company.
We covered the deal in great detail on Friday.
The sustainable energy firm signed the deal with a South Korean financial institution known as Hana Financial Investment where the loan shall be used to fund its Uskmouth project.
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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
The final terms of the deal are yet to be agreed upon but investors have bid up the company’s shares since they expect the two company to finalise the deal and move forward with the project.
SAE share price
SAE shares rallied 26.9% higher today to trade at 33.0p having closed Friday’s session trading at 26.0p.
