Swiftmerge Acquisition Corp. (NASDAQ:IVCP – Get Free Report) shares dropped 3.1% during mid-day trading on Friday . The stock traded as low as $2.45 and last traded at $2.50. Approximately 126,979 shares changed 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 Up 10.0%
The stock has a market capitalization of $18.81 million, a P/E ratio of -137.50 and a beta of 0.03. The stock’s 50 day simple moving average is $2.98 and its 200 day simple moving average is $3.60.
Swiftmerge Acquisition Company Profile
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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