Shares of Silver Spike Investment Corp. (NASDAQ:SSIC – Get Free Report) were up 8.4% during mid-day trading on Friday . The stock traded as high as $9.96 and last traded at $9.83. Approximately 197,683 shares were traded during mid-day trading, an increase of 1,694% from the average daily volume of 11,019 shares. The stock had previously closed at $9.07.
Silver Spike Investment Price Performance
The firm has a market cap of $61.09 million, a price-to-earnings ratio of 11.30 and a beta of 0.28. The firm’s fifty day moving average is $9.55 and its 200-day moving average is $10.13.
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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