Firm Capital Mortgage Investment (OTCMKTS:FCMGF) Trading Down 1% – What’s Next?

Firm Capital Mortgage Investment Co. (OTCMKTS:FCMGF)’s share price dropped 1% during trading on Monday . The stock traded as low as $8.93 and last traded at $8.93. Approximately 700 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 4,150 shares. The stock had previously closed at $9.02.

Firm Capital Mortgage Investment Stock Down 1.0%

The business has a 50 day simple moving average of $8.73 and a 200-day simple moving average of $8.67.

About Firm Capital Mortgage Investment

Firm Capital Mortgage Investment is a publicly traded mortgage investment entity that focuses on originating, acquiring and managing a diversified portfolio of commercial mortgage loans. Headquartered in Canada, the company provides debt financing solutions secured by real estate assets, with an emphasis on first and second mortgages. By targeting structured lending opportunities, Firm Capital Mortgage Investment seeks to deliver stable interest income to its shareholders.

The company’s core activities include underwriting commercial mortgages for industrial, multi-residential, office and retail properties, as well as specialty projects that require tailored financing structures.