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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

MCAN Mortgage Co. (TSE:MKP - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$18.63 and traded as high as C$19.39. MCAN Mortgage shares last traded at C$19.23, with a volume of 21,122 shares changing hands.

MCAN Mortgage Stock Up 0.5%

The company has a market capitalization of C$749.68 million, a PE ratio of 8.20 and a beta of 0.85. The stock's fifty day simple moving average is C$19.17 and its 200-day simple moving average is C$18.61.

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.

Further Reading

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