Insider Selling: MCAN Mortgage Co. (MKP) Director Sells C$32,300.00 in Stock
MCAN Mortgage Co. (TSE:MKP) Director Susan Doré sold 1,900 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of C$17.00, for a total transaction of C$32,300.00.
Shares of MCAN Mortgage Co. (MKP) traded up C$0.08 during mid-day trading on Friday, reaching C$17.33. 10,914 shares of the company’s stock traded hands, compared to its average volume of 18,916. MCAN Mortgage Co. has a twelve month low of C$13.10 and a twelve month high of C$17.34.
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Separately, National Bank Financial raised their price objective on shares of MCAN Mortgage from C$14.00 to C$15.50 and gave the company a “sector perform” rating in a research note on Tuesday, October 17th.
About MCAN Mortgage
MCAN Mortgage Corporation (MCAN) is a Canada-based loan company and mortgage investment corporation. The Company’s primary objective is to generate income by investing its corporate funds in a portfolio of mortgages (including single family residential, residential construction, non-residential construction and commercial loans), as well as other types of financial investments, loans and real estate investments.
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