Silver Spike Investment Corp. (NASDAQ:SSIC – Get Free Report)’s share price dropped 0.1% during mid-day trading on Friday. The company traded as low as $9.02 and last traded at $9.09. Approximately 41,228 shares were traded during mid-day trading, an increase of 274% from the average session volume of 11,019 shares. The stock had previously closed at $9.10.
Silver Spike Investment Price Performance
The business’s fifty day simple moving average is $9.80 and its 200 day simple moving average is $9.71. The stock has a market cap of $56.49 million, a price-to-earnings ratio of 10.45 and a beta of 0.28.
Silver Spike Investment Company Profile
Silver Spike Investment Corp. (NASDAQ: SSIC) is a closed-end management investment company that has elected to operate as a business development company (BDC) under the Investment Company Act of 1940. The company seeks to generate current income and capital appreciation by investing in the debt and equity securities of privately held and other middle-market companies.
Silver Spike Investment has a particular focus on businesses operating in the cannabis industry and related sectors, including companies involved in consumer products, technology, healthcare, and other areas connected to the cannabis ecosystem.
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