Pinetree Capital (TSE:PNP) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Pinetree Capital Ltd. (TSE:PNP)’s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$8.93 and traded as high as C$9.66. Pinetree Capital shares last traded at C$8.95, with a volume of 9,708 shares.

Pinetree Capital Price Performance

The company has a debt-to-equity ratio of 0.26, a current ratio of 15.62 and a quick ratio of 5.97. The company has a 50 day moving average price of C$8.93 and a 200 day moving average price of C$10.00. The firm has a market cap of C$82.61 million, a PE ratio of -4.17 and a beta of 0.89.

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

Insider Transactions at Pinetree Capital

In other Pinetree Capital news, insider L6 Holdings Inc. acquired 21,300 shares of the business’s stock in a transaction on Monday, May 25th. The stock was purchased at an average price of C$8.75 per share, for a total transaction of C$186,375.00. Following the completion of the transaction, the insider 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. Insiders acquired a total of 43,600 shares of company stock valued at $380,449 in the last three months. Corporate insiders own 43.35% of the company’s stock.

About Pinetree Capital

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.