Pinetree Capital Ltd. (TSE:PNP – Get Free Report)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$18.82 and traded as low as C$17.01. Pinetree Capital shares last traded at C$17.58, with a volume of 20,553 shares changing hands.
Pinetree Capital Price Performance
The business’s 50 day moving average price is C$18.82 and its 200-day moving average price is C$14.93. The company has a market cap of C$165.02 million, a P/E ratio of 8.71 and a beta of 0.60.
Insider Buying and Selling
In related news, insider L6 Holdings Inc. sold 14,900 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of C$23.47, for a total value of C$349,703.00. Insiders sold 34,500 shares of company stock worth $712,716 in the last quarter. Insiders own 43.35% of the company’s stock.
Pinetree Capital Company Profile
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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