Silver Spike Investment Corp. (NASDAQ:SSIC – Get Free Report) rose 0.4% during trading on Wednesday. The stock traded as high as $9.82 and last traded at $9.61. 27,405 shares traded hands during mid-day trading, an increase of 149% from the average session volume of 11,019 shares. The stock had previously closed at $9.57.
Silver Spike Investment Trading Down 0.9%
The business’s 50 day moving average price is $9.86 and its two-hundred day moving average price is $9.76. The stock has a market cap of $58.73 million, a P/E ratio of 10.86 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). The company seeks to generate current income and long-term capital appreciation by investing in privately held, lower-middle-market businesses through debt and equity investments.
Silver Spike has an investment focus on companies operating in the cannabis industry and related sectors, including businesses that provide products, services, technology, and other infrastructure to the cannabis ecosystem.
Further Reading
- Five stocks we like better than Silver Spike Investment
- AST SpaceMobile’s BlueBird Progress Comes With Several Risks Still Unresolved
- Time to Nibble on MCD Stock After it Enters Oversold Territory?
- McCormick Stock Trades Cheap, Offers Dividend Growth and Unilever Deal Upside
- Corning and AT&T’s $3 Billion Fiber Deal Reveals Where AI Spending Goes Next
Receive News & Ratings for Silver Spike Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silver Spike Investment and related companies with MarketBeat.com's FREE daily email newsletter.
