Trez Capital Mortgage Investment (TZZ) Hits New 12-Month Low at $0.51
Shares of Trez Capital Mortgage Investment Corp (TSE:TZZ) reached a new 52-week low during trading on Friday . The company traded as low as C$0.51 and last traded at C$0.52, with a volume of 29400 shares. The stock had previously closed at C$0.50.
Trez Capital Mortgage Investment (TSE:TZZ) last issued its quarterly earnings data on Monday, August 13th. The company reported C$0.01 earnings per share (EPS) for the quarter. Trez Capital Mortgage Investment had a return on equity of 1.78% and a net margin of 44.12%. The business had revenue of C$0.83 million for the quarter.
In related news, insider Earlston Investments Corp. acquired 57,900 shares of Trez Capital Mortgage Investment stock in a transaction dated Friday, August 24th. The shares were acquired at an average cost of C$2.98 per share, for a total transaction of C$172,542.00. Insiders bought 1,374,888 shares of company stock worth $4,109,808 over the last 90 days.
Trez Capital Mortgage Investment Corporation is a Canada-based non-bank lender providing residential and commercial short-term bridge and conventional real estate financing, including construction and mezzanine mortgages. The investment objectives of the Company are to acquire and maintain a diversified portfolio of mortgages that preserves capital and generates returns in order to permit the Company to pay monthly distributions to its Class A Shareholders.
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