Silver Spike Investment (NASDAQ:SSIC) Trading Down 0% - Here's What Happened

Key Points

• Shares of Silver Spike Investment Corp. (NASDAQ:SSIC) experienced no change in value, closing at $11.09 with a trading volume increase of 76% compared to the average daily volume.
• The company's stock has a market capitalization of $68.89 million and a PE ratio of 12.74, indicating it is a relatively small player in the investment market.
• Silver Spike is a business development company that focuses on investing in the cannabis ecosystem through direct loans and equity ownership in cannabis-related companies.

Shares of Silver Spike Investment Corp. (NASDAQ:SSIC - ) were down 0% during trading on Thursday . The stock traded as low as $11.00 and last traded at $11.09. Approximately 19,379 shares were traded during trading, an increase of 76% from the average daily volume of 11,019 shares. The stock had previously closed at $11.09.

Silver Spike Investment Stock Performance

The company's 50-day moving average is $10.65 and its 200 day moving average is $10.58. The company has a market capitalization of $68.89 million, a PE ratio of 12.74 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.

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