Silver Spike Investment (NASDAQ:SSIC) Trading Down 0.7% – Should You Sell?

Silver Spike Investment Corp. (NASDAQ:SSIC)’s share price fell 0.7% during mid-day trading on Monday . The stock traded as low as $12.07 and last traded at $12.07. 2,613 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 11,019 shares. The stock had previously closed at $12.16.

Silver Spike Investment Stock Down 0.7 %

The stock’s fifty day simple moving average is $12.69 and its two-hundred day simple moving average is $12.08. The firm has a market cap of $75.02 million, a PE ratio of 13.87 and a beta of 0.28.

Silver Spike Investment Company Profile

Silver Spike Investment Corp., is a a business development company. It is a specialty finance company, focuses on investing across the cannabis ecosystem through investments in the form of direct loans to, and equity ownership of, privately held cannabis companies. It intends to partner with private equity firms, entrepreneurs, business owners, and management teams to provide credit and equity financing alternatives to support buyouts, recapitalizations, growth initiatives, refinancings, and acquisitions across cannabis companies, including cannabis-enabling technology companies, cannabis-related health and wellness companies, and hemp and CBD distribution companies.