Shares of Emergent Capital, Inc. (OTCMKTS:EMGCQ – Get Free Report) fell 6.5% on Wednesday. The stock traded as low as $0.22 and last traded at $0.2201. Approximately 29,400 shares traded hands during trading, The stock had previously closed at $0.2354.
Emergent Capital Price Performance
The stock has a fifty day simple moving average of $0.22 and a 200-day simple moving average of $0.22.
About Emergent Capital
Emergent Capital, Inc was a specialty finance company focused primarily on the life settlement market. Through its subsidiaries and investment structures, the company acquired interests in life insurance policies and related assets, with returns generally tied to policy proceeds and the timing of insured individuals’ deaths.
The company was formerly known as Imperial Holdings, Inc and also pursued life insurance premium-financing and other alternative investment activities. Its business involved underwriting, managing and financing life insurance-related investments rather than providing traditional insurance coverage directly to policyholders.
Emergent Capital filed for Chapter 11 bankruptcy protection in 2020 amid liquidity challenges and subsequently undertook a court-supervised restructuring.
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