Shares of Firm Capital Mortgage Investment Co. (OTCMKTS:FCMGF – Get Free Report) shot up 3.1% during trading on Thursday . The company traded as high as $9.02 and last traded at $9.02. 2,000 shares changed hands during trading, a decline of 42% from the average session volume of 3,450 shares. The stock had previously closed at $8.75.
Firm Capital Mortgage Investment Price Performance
The stock’s 50-day moving average is $8.53 and its two-hundred day moving average is $8.67.
About Firm Capital Mortgage Investment
Firm Capital Mortgage Investment is a publicly traded mortgage investment entity that focuses on originating, acquiring and managing a diversified portfolio of commercial mortgage loans. Headquartered in Canada, the company provides debt financing solutions secured by real estate assets, with an emphasis on first and second mortgages. By targeting structured lending opportunities, Firm Capital Mortgage Investment seeks to deliver stable interest income to its shareholders.
The company’s core activities include underwriting commercial mortgages for industrial, multi-residential, office and retail properties, as well as specialty projects that require tailored financing structures.
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