Pinetree Capital (TSE:PNP) Stock Crosses Above 50 Day Moving Average – Here’s Why

Pinetree Capital Ltd. (TSE:PNP – Get Free Report) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$9.18 and traded as high as C$9.58. Pinetree Capital shares last traded at C$9.58, with a volume of 953 shares.

Pinetree Capital Price Performance

The firm has a market cap of C$86.36 million, a PE ratio of -20.44 and a beta of 0.93. The firm’s fifty day simple moving average is C$9.19 and its two-hundred day simple moving average is C$9.25. The company has a quick ratio of 5.97, a current ratio of 0.10 and a debt-to-equity ratio of 15.62.

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Pinetree Capital (TSE:PNP – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported C($2.02) earnings per share (EPS) for the quarter. The firm had revenue of C($18.48) million during the quarter. Pinetree Capital had a negative return on equity of 5.04% and a negative net margin of 81.12%.

Insiders Place Their Bets

In other Pinetree Capital news, insider L6 Holdings Inc. acquired 21,300 shares of the stock in a transaction dated Monday, May 25th. The shares were acquired at an average cost of C$8.75 per share, for a total transaction of C$186,375.00. Following the completion of the transaction, the insider directly owned 3,215,700 shares of the company’s stock, valued at approximately C$28,137,375. The trade was a 0.67% increase in their ownership of the stock. Also, insider Shezad Kassam Okhai acquired 4,500 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was acquired at an average cost of C$9.56 per share, with a total value of C$43,020.00. Following the purchase, the insider owned 499,100 shares of the company’s stock, valued at approximately C$4,771,396. This trade represents a 0.91% increase in their ownership of the stock. Insiders acquired a total of 50,300 shares of company stock valued at $444,089 in the last quarter. 43.35% of the stock is currently owned by company insiders.

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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