MCAN Mortgage (TSE:MKP) Share Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

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.

MCAN Mortgage Co. (TSE:MKP - ) passed above its 200-day moving average during trading on Friday . The stock has a 200-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 trading hands.

MCAN Mortgage Price Performance

The business's 50-day moving average price is C$19.90 and its two-hundred day moving average price is C$19.07. The company has a market capitalization of C$821.37 million, a price-to-earnings ratio of 8.99 and a beta of 0.85.

MCAN Mortgage Company Profile

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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