Standard Mercantile Acquisition (TSE:SMA) Shares Down 3.8%

Standard Mercantile Acquisition Corp. (TSE:SMA) (NYSE:SMT)’s share price fell 3.8% during mid-day trading on Monday . The company traded as low as C$0.25 and last traded at C$0.25. 123,500 shares were traded during trading, an increase of 667% from the average session volume of 16,109 shares. The stock had previously closed at C$0.26.

Standard Mercantile Acquisition Stock Performance

The stock’s 50-day simple moving average is C$0.24. The firm has a market cap of C$1.83 million, a price-to-earnings ratio of 3.57 and a beta of 0.49.

About Standard Mercantile Acquisition

Standard Mercantile Acquisition Corp. does not have signification operations. Previously, it was engaged in funding a portfolio of first ranking mortgages that generated returns. The company was formerly known as Trez Capital Senior Mortgage Investment Corporation and changed its name to Standard Mercantile Acquisition Corp.