Silver Spike Investment (NASDAQ:SSIC) Trading Down 0.2% - Should You Sell?

Key Points

• Silver Spike Investment Corp. shares decreased by 0.2%, trading at $10.99, with a market cap of $68.30 million.
• The company specializes in investing in the cannabis ecosystem through loans and equity ownership in privately held cannabis companies.
• During mid-day trading, the share volume increased by 232% compared to the average session volume, indicating heightened trading activity.

Shares of Silver Spike Investment Corp. (NASDAQ:SSIC - Get Free Report) were down 0.2% on Wednesday . The company traded as low as $10.93 and last traded at $10.99. Approximately 36,576 shares changed hands during trading, an increase of 232% from the average daily volume of 11,019 shares. The stock had previously closed at $11.01.

Silver Spike Investment Stock Down 0.9%

The business has a 50-day moving average price of $10.54 and a two-hundred day moving average price of $10.69. The company has a market cap of $66.94 million, a P/E ratio of 12.38 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.