MCAN Mortgage (TSE:MKP) Shares Pass Above 200 Day Moving Average - Time to Sell?

Key Points

• MCAN Mortgage shares crossed above their 200-day moving average of C$18.96, reaching a high of C$20.98 during trading.
• The company has a market capitalization of C$810.85 million and a price-to-earnings ratio of 8.87.
• MCAN Mortgage Corporation specializes in real estate lending and investing, including various mortgage and loan types in Canada.

Shares of MCAN Mortgage Co. (TSE:MKP - ) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$18.96 and traded as high as C$20.98. MCAN Mortgage shares last traded at C$20.81, with a volume of 60,475 shares traded.

MCAN Mortgage Price Performance

The firm has a market cap of C$810.85 million, a price-to-earnings ratio of 8.87 and a beta of 0.85. The company has a fifty day moving average price of C$19.72 and a two-hundred day moving average price of C$18.96.

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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