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MCAN Mortgage (TSE:MKP) Shares Cross Above Two Hundred Day Moving Average - Here's What Happened

MCAN Mortgage logo with Financial Services background

Key Points

  • MCAN Mortgage's share price has recently crossed above its 200-day moving average, indicating a potential upward trend in the stock.
  • The current trading price of MCAN Mortgage shares is C$21.08, with a market capitalization of C$821.37 million and a price-to-earnings ratio of 8.99.
  • The company operates in the real estate lending sector in Canada, focusing on mortgage and investment activities across various real estate types.
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MCAN Mortgage Co. (TSE:MKP - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$19.07 and traded as high as C$21.28. MCAN Mortgage shares last traded at C$21.08, with a volume of 17,867 shares traded.

MCAN Mortgage Trading Up 0.7%

The business's fifty day simple moving average is C$20.05 and its 200 day simple moving average is C$19.15. The stock has a market cap of C$841.24 million, a price-to-earnings ratio of 9.20 and a beta of 0.85.

About MCAN Mortgage

(Get Free Report)

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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