MCAN Mortgage (OTCMKTS:MAMTF) Trading Up 4.2% – What’s Next?

Shares of MCAN Mortgage Co. (OTCMKTS:MAMTF) were up 4.2% on Wednesday . The stock traded as high as C$17.06 and last traded at C$17.06. Approximately 400 shares changed hands during trading, a decline of 70% from the average daily volume of 1,320 shares. The stock had previously closed at C$16.38.

MCAN Mortgage Trading Up 4.2%

The firm has a 50-day simple moving average of C$16.90 and a two-hundred day simple moving average of C$16.09.

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.