Silver Spike Investment Corp. (NASDAQ:SSIC – Get Free Report)’s stock price was up 8.4% during trading on Friday . The company traded as high as $9.96 and last traded at $9.83. Approximately 197,683 shares traded hands during 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 company has a market cap of $61.09 million, a price-to-earnings ratio of 11.30 and a beta of 0.28. The business’s fifty day moving average price is $9.55 and its 200 day moving average price 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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