Pinetree Capital (TSE:PNP) Shares Pass Below 50-Day Moving Average – Should You Sell?

Pinetree Capital Ltd. (TSE:PNPGet Free Report)’s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$11.60 and traded as low as C$11.15. Pinetree Capital shares last traded at C$11.15, with a volume of 813 shares traded.

Pinetree Capital Stock Performance

The stock has a market capitalization of C$107.39 million, a PE ratio of 3.79 and a beta of 0.32. The company’s fifty day simple moving average is C$11.60 and its two-hundred day simple moving average is C$13.87.

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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