MCAN Mortgage Co. (OTCMKTS:MAMTF – Get Free Report)’s share price was down 6.9% during mid-day trading on Friday. The stock traded as low as C$14.95 and last traded at C$14.95. Approximately 6,276 shares were traded during mid-day trading, an increase of 230% from the average daily volume of 1,900 shares. The stock had previously closed at C$16.06.
MCAN Mortgage Stock Down 6.9%
The firm has a 50 day moving average of C$17.23 and a 200-day moving average of C$17.44.
MCAN Mortgage Company Profile
MCAN Mortgage Corporation is a Canadian mortgage finance company and a subsidiary of MCAN Financial Corporation. The company provides residential and commercial mortgage financing and funds its lending activities through deposits and other sources of capital.
Its business includes originating and investing in residential mortgage loans, including loans arranged through mortgage brokers and other lending channels. MCAN also offers commercial mortgage financing and construction loans, and may invest in mortgage-backed securities and other real estate-related assets.
Based in Toronto, Ontario, MCAN serves borrowers and real estate markets across Canada.
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