MCAN Mortgage Co. (OTCMKTS:MAMTF – Get Free Report)’s share price traded down 47.7% during trading on Thursday. The company traded as low as C$7.76 and last traded at C$7.76. 10,280 shares traded hands during trading, an increase of 268% from the average session volume of 2,795 shares. The stock had previously closed at C$14.84.
MCAN Mortgage Price Performance
The firm has a 50-day simple moving average of C$15.75 and a two-hundred day simple moving average of C$17.09.
MCAN Mortgage Company Profile
MCAN Mortgage Corporation is a Canadian mortgage finance company that originates, invests in and services residential and commercial mortgage loans. The company provides financing for home purchases and refinancings, as well as lending for income-producing properties and real estate development.
MCAN funds its mortgage activities through a combination of retail and broker-originated deposits, mortgage securitization programs, debt financing and equity. Its residential mortgage business serves homeowners and borrowers across Canada, while its commercial and construction lending activities support the acquisition, development and refinancing of commercial real estate.
The company is federally regulated and operates within Canada’s financial services and housing markets.
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