MCAN Mortgage Co. (TSE:MKP) insider Ian Sutherland acquired 3,700 shares of the company’s stock in a transaction on Friday, November 17th. The shares were acquired at an average cost of C$17.29 per share, for a total transaction of C$63,973.00.
Shares of MCAN Mortgage Co. (TSE MKP) traded up C$0.04 during trading on Tuesday, hitting C$17.59. 19,372 shares of the stock were exchanged, compared to its average volume of 21,323. MCAN Mortgage Co. has a 52-week low of C$13.10 and a 52-week high of C$18.20.
Separately, National Bank Financial upped 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 report on Tuesday, October 17th.
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MCAN Mortgage Company Profile
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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