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

Pinetree Capital Ltd. (TSE:PNP) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$9.00 and traded as high as C$9.01. Pinetree Capital shares last traded at C$9.01, with a volume of 1,603 shares trading hands.

Pinetree Capital Price Performance

The stock has a market cap of C$84.58 million, a P/E ratio of -4.27 and a beta of 0.93. The company’s 50 day moving average price is C$9.00 and its 200-day moving average price is C$9.65. The company has a quick ratio of 5.97, a current ratio of 15.62 and a debt-to-equity ratio of 0.26.

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

Insider Activity at Pinetree Capital

In related news, insider L6 Holdings Inc. acquired 21,300 shares of the business’s stock in a transaction that occurred on Monday, May 25th. The shares were bought at an average cost of C$8.75 per share, with a total value of C$186,375.00. Following the completion of the purchase, the insider directly owned 3,215,700 shares in the company, valued at C$28,137,375. The trade was a 0.67% increase in their ownership of the stock. Insiders purchased 43,600 shares of company stock valued at $380,449 over the last quarter. 43.35% of the stock is owned by insiders.

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.