Silver Spike Investment (NASDAQ:SSIC) Stock Price Up 1.4% - What's Next?

Key Points

• Silver Spike Investment Corp. (NASDAQ:SSIC) shares increased by 1.4% on Friday, with the stock trading last at $10.34, up from a previous close of $10.20.
• The firm has a market capitalization of $64.26 million and a PE ratio of 11.89, indicating a relatively stable market performance.
• Silver Spike Investment focuses on financing within the cannabis ecosystem, targeting direct loans and equity ownership in privately held companies in that sector.

Silver Spike Investment Corp. (NASDAQ:SSIC - ) shares rose 1.4% on Friday . The company traded as high as $10.46 and last traded at $10.34. Approximately 20,294 shares traded hands during mid-day trading, an increase of 84% from the average daily volume of 11,019 shares. The stock had previously closed at $10.20.

Silver Spike Investment Stock Up 1.4%

The firm has a market cap of $64.26 million, a PE ratio of 11.89 and a beta of 0.28. The stock's fifty day simple moving average is $10.72 and its two-hundred day simple moving average is $10.47.

Silver Spike Investment Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.