Silver Spike Investment (NASDAQ:SSIC) Trading 0.8% Higher – Here’s What Happened

Silver Spike Investment Corp. (NASDAQ:SSIC) shares traded up 0.8% during trading on Monday . The company traded as high as $12.11 and last traded at $11.74. 4,685 shares changed hands during trading, a decline of 57% from the average session volume of 11,019 shares. The stock had previously closed at $11.65.

Silver Spike Investment Stock Up 0.2 %

The stock has a market cap of $70.66 million, a P/E ratio of 13.07 and a beta of 0.28. The business has a 50 day moving average price of $11.75 and a 200 day moving average price of $12.07.

About Silver Spike Investment

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.