Shares of Silver Spike Investment Corp. (NASDAQ:SSIC - Get Free Report) shot up 8.1% during mid-day trading on Friday . The company traded as high as $11.17 and last traded at $10.94. 317,007 shares traded hands during trading, an increase of 2,777% from the average session volume of 11,019 shares. The stock had previously closed at $10.12.
Silver Spike Investment Trading Up 2.5%
The stock has a 50 day moving average of $10.19 and a 200-day moving average of $11.11. The stock has a market capitalization of $64.33 million, a P/E ratio of 11.90 and a beta of 0.28.
Silver Spike Investment Company Profile
(
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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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