Silver Spike Investment Corp. (NASDAQ:SSIC – Get Free Report)’s stock price fell 0.6% on Monday . The stock traded as low as $10.29 and last traded at $10.40. 23,981 shares were traded during trading, an increase of 118% from the average session volume of 11,019 shares. The stock had previously closed at $10.46.
Silver Spike Investment Trading Down 0.6%
The firm’s 50-day simple moving average is $10.23 and its 200 day simple moving average is $10.94. The stock has a market cap of $64.64 million, a P/E ratio of 11.95 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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