Shares of Silver Spike Investment Corp. (NASDAQ:SSIC - Get Free Report) traded down 2.5% during mid-day trading on Thursday . The company traded as low as $10.08 and last traded at $10.15. 19,220 shares changed hands during mid-day trading, an increase of 74% from the average session volume of 11,019 shares. The stock had previously closed at $10.40.
Silver Spike Investment Trading Up 1.5%
The firm has a market capitalization of $64.26 million, a P/E ratio of 11.89 and a beta of 0.28. The stock's 50-day simple moving average is $10.39 and its 200-day simple moving average is $11.40.
About Silver Spike Investment
(
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Silver Spike Investment Corp., is a a business development company. It is a specialty finance company, focuses on investing across the cannabis ecosystem through investments in the form of direct loans to, and equity ownership of, privately held cannabis companies. It intends to partner with private equity firms, entrepreneurs, business owners, and management teams to provide credit and equity financing alternatives to support buyouts, recapitalizations, growth initiatives, refinancings, and acquisitions across cannabis companies, including cannabis-enabling technology companies, cannabis-related health and wellness companies, and hemp and CBD distribution companies.
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