Silver Spike Investment (NASDAQ:SSIC) Shares Up 0.6% - Still a Buy?

Key Points

• Silver Spike Investment Corp. (NASDAQ:SSIC) shares rose by 0.6% to $10.33, with trading volume increasing by 106% over the average session.
• The company, a business development firm, primarily invests in the cannabis ecosystem through direct loans and equity ownership of cannabis-related companies.
• Silver Spike has a market capitalization of $64.20 million and a P/E ratio of 11.87, indicating potential for investment growth within its sector.

Silver Spike Investment Corp. (NASDAQ:SSIC - Get Free Report)'s share price was up 0.6% during mid-day trading on Tuesday . The stock traded as high as $10.41 and last traded at $10.33. Approximately 22,754 shares changed hands during mid-day trading, an increase of 106% from the average daily volume of 11,019 shares. The stock had previously closed at $10.27.

Silver Spike Investment Trading Up 5.4%

The company's 50 day moving average is $10.28 and its 200-day moving average is $10.78. The company has a market capitalization of $68.37 million, a P/E ratio of 12.64 and a beta of 0.28.

About Silver Spike Investment

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.