MCAN Mortgage (TSE:MKP) Stock Passes Above 200 Day Moving Average – Here’s Why

MCAN Mortgage Co. (TSE:MKPGet Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$18.66 and traded as high as C$19.73. MCAN Mortgage shares last traded at C$19.64, with a volume of 66,058 shares changing hands.

MCAN Mortgage Price Performance

The business’s 50 day simple moving average is C$18.76 and its 200-day simple moving average is C$18.66. The stock has a market capitalization of C$765.26 million, a P/E ratio of 8.37 and a beta of 0.85.

About MCAN Mortgage

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MCAN Mortgage Corporation operates as a loan and mortgage investment corporation in Canada. The company engages in the real estate lending and investing activities, including residential mortgage, residential construction, non-residential construction, and commercial loans, as well as portfolio of real estate investments trusts and private investment activities.

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