MCAN Mortgage (TSE:MKP) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of MCAN Mortgage Co. (TSE:MKPGet Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$18.26 and traded as high as C$18.80. MCAN Mortgage shares last traded at C$18.80, with a volume of 79,407 shares trading hands.

MCAN Mortgage Trading Up 2.5 %

The firm’s 50 day moving average is C$18.34 and its two-hundred day moving average is C$18.26. The stock has a market cap of C$732.53 million, a price-to-earnings ratio of 8.01 and a beta of 0.85.

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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