MCAN Mortgage Corp T.MKP

Alternate Symbol(s): MAMTF

Consumer Cyclical Advertising Agencies

MCAN Mortgage Corporation is a Canada-based loan company and mortgage investment corporation. Its objective is to generate a reliable stream of income by investing in a diversified portfolio of Canadian mortgages, including residential mortgages, residential construction, non-residential construction and commercial loans, as well as other types of securities, loans, and real estate investments. Its lines of business include three divisions: MCAN Home, MCAN Capital and MCAN Wealth. MCAN Home is its residential mortgage lender that partners with accredited mortgage professionals to offer both insured and uninsured mortgage solutions across Canada. MCAN Capital focuses on financing and investment opportunities in the construction and commercial loan markets, real estate investment trusts (REITs), and private investment funds focused on lending to and developing Canadian communities. MCAN Wealth offers investors Canada Deposit Insurance Corporation (CDIC) insured investment solutions.

TSX:MKP - Post by User

MCAN Mortgage Corp > down 8% since reaching all time high on Nov-15

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Comment by Lawyerupon Nov 23, 2021 2:36pm

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Post# 34158268

RE:down 8% since reaching all time high on Nov-15

Yup, very odd. Absolutely no news, no basis for the steady drop in prices for the past week. I bought in the $18.90 range its very strange that we have dropped so much for a company that is firing on all cyclinders and pays a nice dividend. Some stocks on the TSX I just shake my head they shoot up for no reason at all and others with solid fundementals like MKP drop for no reason. Maybe some investor needs to cash out for some reason. All the best, Charlie.

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