Silver Spike Investment Corp. (NASDAQ:SSIC – Get Free Report) dropped 0.8% during trading on Monday . The company traded as low as $9.9250 and last traded at $9.98. 60,102 shares changed hands during trading, an increase of 445% from the average daily volume of 11,019 shares. The stock had previously closed at $10.0574.
Silver Spike Investment Price Performance
The company’s 50-day moving average is $9.73 and its 200-day moving average is $10.03. The firm has a market capitalization of $62.03 million, a price-to-earnings ratio of 11.47 and a beta of 0.28.
About Silver Spike Investment
Silver Spike Investment Corporation is a blank check company incorporated in Delaware. Its units trade on the Nasdaq Capital Market under the ticker symbol SSIC. As a special purpose acquisition company (SPAC), Silver Spike Investment does not engage in commercial operations of its own.
The company’s primary focus is to identify and acquire one or more businesses or assets through mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations or similar business combinations.
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