Pinetree Capital (TSE:PNP) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Pinetree Capital Ltd. (TSE:PNP – Get Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$8.96 and traded as high as C$9.41. Pinetree Capital shares last traded at C$9.37, with a volume of 2,005 shares trading hands.

Pinetree Capital Price Performance

The company has a debt-to-equity ratio of 0.26, a quick ratio of 5.97 and a current ratio of 15.62. The stock has a market capitalization of C$92.27 million, a PE ratio of -4.66 and a beta of 0.91. The company’s fifty day simple moving average is C$8.97 and its two-hundred day simple moving average is C$9.46.

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Pinetree Capital (TSE:PNP – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported C($2.02) earnings per share (EPS) for the quarter. The business had revenue of C($18.48) million during the quarter. Pinetree Capital had a negative net margin of 355.44% and a negative return on equity of 23.88%.

Insider Activity

In related news, insider L6 Holdings Inc. bought 21,300 shares of Pinetree Capital stock in a transaction that occurred on Monday, May 25th. The shares were purchased at an average price of C$8.75 per share, with a total value of C$186,375.00. Following the purchase, the insider owned 3,215,700 shares in the company, valued at C$28,137,375. This represents a 0.67% increase in their ownership of the stock. In the last three months, insiders purchased 44,600 shares of company stock worth $389,499. Insiders own 43.35% of the company’s stock.

About Pinetree Capital

(Get Free Report)

Pinetree Capital Ltd is an investment and merchant banking company. It is engaged in the small-cap market with early-stage investments in resource and technology components. The company has a single reportable geographic segment, Canada. Pinetree’s investment portfolio consists of investments, cash, cash equivalents, and cash due from brokers.

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