Pinetree Capital (TSE:PNP) Stock Passes Above Fifty Day Moving Average – Should You Sell?

Pinetree Capital Ltd. (TSE:PNP – Get Free Report) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$9.06 and traded as high as C$9.69. Pinetree Capital shares last traded at C$9.69, with a volume of 2,800 shares trading hands.

Pinetree Capital Stock Down 1.0%

The company’s 50 day moving average price is C$9.06 and its two-hundred day moving average price is C$9.41. The company has a current ratio of 15.62, a quick ratio of 5.97 and a debt-to-equity ratio of 0.26. The stock has a market cap of C$90.96 million, a P/E ratio of -4.59 and a beta of 0.91.

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

Insider Buying and Selling at Pinetree Capital

In other Pinetree Capital news, insider L6 Holdings Inc. purchased 21,300 shares of the company’s stock in a transaction dated Monday, May 25th. The shares were acquired at an average price of C$8.75 per share, for a total transaction of C$186,375.00. Following the purchase, the insider directly owned 3,215,700 shares of the company’s stock, valued at C$28,137,375. The trade was a 0.67% increase in their position. In the last 90 days, insiders have acquired 44,600 shares of company stock worth $389,499. Company insiders own 43.35% of the company’s stock.

Pinetree Capital Company Profile

(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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