Shares of Silver Spike Investment Corp. (NASDAQ:SSIC – Get Free Report) rose 0.3% on Friday . The company traded as high as $12.30 and last traded at $12.08. Approximately 4,654 shares changed hands during trading, a decline of 58% from the average daily volume of 11,019 shares. The stock had previously closed at $12.04.
Silver Spike Investment Price Performance
The stock’s 50 day moving average is $11.88 and its two-hundred day moving average is $12.02. The stock has a market capitalization of $76.01 million, a PE ratio of 14.06 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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