MCAN Mortgage (OTCMKTS:MAMTF) Trading 8.8% Higher – Time to Buy?

MCAN Mortgage Co. (OTCMKTS:MAMTFGet Free Report)’s stock price was up 8.8% during mid-day trading on Wednesday . The stock traded as high as C$17.52 and last traded at C$17.52. Approximately 300 shares were traded during mid-day trading, an increase of 29% from the average daily volume of 233 shares. The stock had previously closed at C$16.11.

MCAN Mortgage Stock Up 8.8%

The firm has a 50 day simple moving average of C$16.34 and a two-hundred day simple moving average of C$15.73.

About MCAN Mortgage

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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.

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