Silver Spike Investment (NASDAQ:SSIC) Trading Down 0.2% - Here's Why

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.

Silver Spike Investment Corp. (NASDAQ:SSIC - )'s share price fell 0.2% during mid-day trading on Wednesday . The company traded as low as $10.93 and last traded at $10.99. 36,576 shares traded hands during mid-day trading, an increase of 232% from the average session volume of 11,019 shares. The stock had previously closed at $11.01.

Silver Spike Investment Stock Down 0.2%

The stock has a market cap of $68.30 million, a price-to-earnings ratio of 12.63 and a beta of 0.28. The company has a 50 day simple moving average of $10.53 and a 200 day simple moving average of $10.73.

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.

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