Shares of Swiftmerge Acquisition Corp. (NASDAQ:IVCP – Get Free Report) fell 5.6% on Tuesday . The stock traded as low as $3.0101 and last traded at $3.04. 208,842 shares were traded during mid-day trading, an increase of 984% from the average session volume of 19,270 shares. The stock had previously closed at $3.22.
Swiftmerge Acquisition Price Performance
The firm has a market cap of $24.42 million, a price-to-earnings ratio of -178.50 and a beta of 0.03. The firm’s fifty day moving average is $4.19 and its two-hundred day moving average is $3.59.
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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