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MCAN Mortgage (TSE:MKP) Shares Cross Above 200 Day Moving Average - Here's Why

MCAN Mortgage logo with Financial Services background

Key Points

  • MCAN Mortgage Co. shares have surpassed their 200-day moving average of C$18.85, reaching a high of C$20.77 during trading.
  • The company has a market capitalization of C$803.84 million and a P/E ratio of 8.80, indicating a relatively stable investment profile.
  • MCAN Mortgage engages in real estate lending, focusing on various types of mortgages and loans, including both residential and commercial sectors.
  • Looking to export and analyze MCAN Mortgage data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

MCAN Mortgage Co. (TSE:MKP - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$18.85 and traded as high as C$20.77. MCAN Mortgage shares last traded at C$20.63, with a volume of 29,657 shares.

MCAN Mortgage Stock Performance

The company's 50 day moving average price is C$19.64 and its 200-day moving average price is C$18.90. The stock has a market cap of C$788.64 million, a P/E ratio of 8.63 and a beta of 0.85.

MCAN Mortgage Company Profile

(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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