Silver Spike Investment (NASDAQ:SSIC) Trading Down 0.7% - What's Next?

Shares of Silver Spike Investment Corp. (NASDAQ:SSIC - Get Free Report) were down 0.7% during mid-day trading on Monday . The company traded as low as $12.07 and last traded at $12.07. Approximately 2,613 shares were traded during trading, a decline of 76% from the average daily volume of 11,019 shares. The stock had previously closed at $12.16.

Silver Spike Investment Trading Down 5.3 %

The firm has a market cap of $71.04 million, a PE ratio of 13.14 and a beta of 0.28. The company's 50-day moving average is $12.66 and its 200 day moving average is $12.08.

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.