MCAN Mortgage (TSE:MKP) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• MCAN Mortgage (TSE:MKP) shares have crossed above their 200-day moving average, indicating a potential bullish trend.
• The stock is currently priced at C$21.90, with a market cap of C$868.36 million and a P/E ratio of 11.97.
• MCAN Financial Group's focus is on generating income through a diverse portfolio of mortgages and loans, including residential and commercial investments.

MCAN Mortgage Co. (TSE:MKP - ) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$19.85 and traded as high as C$21.95. MCAN Mortgage shares last traded at C$21.90, with a volume of 62,962 shares changing hands.

MCAN Mortgage Stock Performance

The firm's fifty day simple moving average is C$21.46 and its 200 day simple moving average is C$19.85. The firm has a market cap of C$868.36 million, a P/E ratio of 11.97 and a beta of 0.59.

MCAN Mortgage Company Profile

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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