Emergent Capital (OTCMKTS:EMGCQ) Stock Price Down 6.5% – What’s Next?

Emergent Capital, Inc. (OTCMKTS:EMGCQ) shares traded down 6.5% during mid-day trading on Wednesday . The company traded as low as $0.22 and last traded at $0.2201. 29,400 shares changed hands during trading, The stock had previously closed at $0.2354.

Emergent Capital Trading Down 6.5%

The stock has a fifty day simple moving average of $0.22 and a two-hundred day simple moving average of $0.22.

About Emergent Capital

Emergent Capital, Inc, a specialty finance company, invests in life settlements. As of August 31, 2020, it owned a portfolio of 500 life insurance policies. The company was formerly known as Imperial Holdings, Inc and changed its name to Emergent Capital, Inc in September 2015. The company was founded in 2006 and is based in Boca Raton, Florida. On October 15, 2020, Emergent Capital, Inc, along with its affiliate, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware.