Emergent Capital (OTCMKTS:EMGCQ) Shares Down 6.5% – Here’s Why

Emergent Capital, Inc. (OTCMKTS:EMGCQ) shares fell 6.5% on Thursday . The company traded as low as $0.22 and last traded at $0.2201. 29,400 shares traded hands during trading, The stock had previously closed at $0.2354.

Emergent Capital Stock Performance

The business’s 50-day moving average is $0.22 and its two-hundred day moving average is $0.22.

About Emergent Capital

Emergent Capital, Inc, a specialty finance company, invests in life settlements. As of August 31, 2020, it owned a portfolio of 500 life insurance policies. The company was formerly known as Imperial Holdings, Inc and changed its name to Emergent Capital, Inc in September 2015. The company was founded in 2006 and is based in Boca Raton, Florida. On October 15, 2020, Emergent Capital, Inc, along with its affiliate, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware.