Pinetree Capital (TSE:PNP) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Shares of Pinetree Capital Ltd. (TSE:PNPGet Free Report) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$12.32 and traded as low as C$10.31. Pinetree Capital shares last traded at C$10.71, with a volume of 12,780 shares traded.

Pinetree Capital Stock Performance

The business’s 50 day moving average price is C$12.26 and its two-hundred day moving average price is C$15.45. The company has a market capitalization of C$102.13 million, a price-to-earnings ratio of 3.60 and a beta of 0.40.

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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