Silver Spike Investment Corp. (NASDAQ:SSIC - Get Free Report)'s stock price shot up 0.4% during mid-day trading on Monday . The stock traded as high as $12.90 and last traded at $12.85. 5,447 shares traded hands during trading, a decline of 51% from the average session volume of 11,019 shares. The stock had previously closed at $12.80.
Silver Spike Investment Trading Up 0.4 %
The firm has a market cap of $79.86 million, a price-to-earnings ratio of 14.77 and a beta of 0.28. The firm has a 50 day moving average price of $12.42 and a 200-day moving average price of $11.91.
About Silver Spike Investment
(
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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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