MCAN Mortgage (TSE:MKP) Reaches New 1-Year High - Should You Buy?

Key Points

• MCAN Mortgage Co. shares reached a new 52-week high of C$20.80 during mid-day trading, closing slightly lower at C$20.77.
• The company's market capitalization stands at C$812.41 million, with a P/E ratio of 8.89 and a beta of 0.85.
• MCAN Mortgage specializes in real estate lending and investing, including various types of mortgages and commercial loans.

Shares of MCAN Mortgage Co. (TSE:MKP - ) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$20.80 and last traded at C$20.77, with a volume of 25263 shares changing hands. The stock had previously closed at C$20.60.

MCAN Mortgage Price Performance

The business's 50 day simple moving average is C$19.70 and its 200 day simple moving average is C$18.94. The stock has a market cap of C$812.41 million, a P/E ratio of 8.89 and a beta of 0.85.

About MCAN Mortgage

MCAN Mortgage Corporation operates as a loan and mortgage investment corporation in Canada. The company engages in the real estate lending and investing activities, including residential mortgage, residential construction, non-residential construction, and commercial loans, as well as portfolio of real estate investments trusts and private investment activities.

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