Shares of MCAN Mortgage Co. (OTCMKTS:MAMTF – Get Free Report) shot up 1.7% during mid-day trading on Monday . The company traded as high as C$16.33 and last traded at C$16.33. 650 shares traded hands during trading, a decline of 61% from the average session volume of 1,663 shares. The stock had previously closed at C$16.05.
MCAN Mortgage Stock Up 1.7%
The stock has a fifty day moving average of C$15.47 and a 200 day moving average of C$15.21.
MCAN Mortgage Company Profile
MCAN Mortgage Corp., trading under the symbol MAMTF on the OTC Markets, is a Toronto-based specialty mortgage lender and a wholly-owned subsidiary of MCAN Financial Group Inc The company focuses on non-prime and self-employed borrowers, providing tailored residential and commercial mortgage solutions across Canada. Headquartered in Ontario, MCAN Mortgage leverages its in-house underwriting expertise and risk management framework to serve a niche market underserved by traditional chartered banks.
The company’s product suite includes purchase and refinance mortgages, equity take-out loans, credit-impaired financing, and term and bridge loans for both single-family residential properties and multi-unit residential or commercial real estate.
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