MCAN Mortgage (TSE:MKP) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of MCAN Mortgage Co. (TSE:MKPGet Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$19.20 and traded as high as C$21.56. MCAN Mortgage shares last traded at C$21.50, with a volume of 58,300 shares trading hands.

MCAN Mortgage Stock Performance

The stock has a market capitalization of C$837.74 million, a P/E ratio of 9.17 and a beta of 0.85. The company’s 50-day moving average price is C$20.15 and its 200 day moving average price is C$19.20.

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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