MCAN Mortgage (OTCMKTS:MAMTF) Trading Down 5.6% – Should You Sell?

Shares of MCAN Mortgage Co. (OTCMKTS:MAMTF) traded down 5.6% on Friday . The stock traded as low as C$16.38 and last traded at C$16.38. 2,298 shares traded hands during mid-day trading, an increase of 68% from the average session volume of 1,368 shares. The stock had previously closed at C$17.36.

MCAN Mortgage Trading Down 5.6%

The firm has a 50-day moving average of C$16.83 and a 200 day moving average of C$16.00.

About MCAN Mortgage

MCAN Mortgage Corp., trading under the symbol MAMTF on the OTC Markets, is a Toronto-based specialty mortgage lender and a wholly-owned subsidiary of MCAN Financial Group Inc The company focuses on non-prime and self-employed borrowers, providing tailored residential and commercial mortgage solutions across Canada. Headquartered in Ontario, MCAN Mortgage leverages its in-house underwriting expertise and risk management framework to serve a niche market underserved by traditional chartered banks.

The company’s product suite includes purchase and refinance mortgages, equity take-out loans, credit-impaired financing, and term and bridge loans for both single-family residential properties and multi-unit residential or commercial real estate.