MCAN Mortgage (TSE:MKP) Stock Crosses Above 200 Day Moving Average - What's Next?

Key Points

• MCAN Mortgage shares have crossed above their two hundred day moving average of C$19.98, reaching a trading high of C$20.83.
• The company's stock has experienced a decline of 2.3%, with a current trading price of C$20.43 amidst a volume of 72,556 shares.
• MCAN Financial Group focuses on generating reliable income by investing in various types of mortgages and loans, along with real estate and securitization investments.

MCAN Mortgage Co. (TSE:MKP - ) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$19.98 and traded as high as C$20.83. MCAN Mortgage shares last traded at C$20.43, with a volume of 72,556 shares changing hands.

MCAN Mortgage Stock Down 2.3%

The company has a market cap of C$810.07 million, a P/E ratio of 11.16 and a beta of 0.50. The company's 50-day moving average is C$21.54 and its two-hundred day moving average is C$19.98.

About MCAN Mortgage

MCAN Financial Group is a mortgage investment company whose objective is to generate a reliable stream of income by investing its funds in a portfolio of mortgages (including single family residential, residential construction, non-residential construction and commercial loans), as well as other types of loans and investments, real estate and securitization investments.

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