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

Pinetree Capital Ltd. (TSE:PNP)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$9.06 and traded as high as C$9.69. Pinetree Capital shares last traded at C$9.69, with a volume of 2,800 shares.

Pinetree Capital Stock Performance

The business’s 50 day simple moving average is C$9.06 and its two-hundred day simple moving average is C$9.41. The company has a current ratio of 15.62, a quick ratio of 5.97 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of C$90.96 million, a P/E ratio of -4.59 and a beta of 0.91.

Pinetree Capital (TSE:PNP) last announced 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 firm had revenue of C($18.48) million during the quarter.

Insider Transactions at Pinetree Capital

In related news, insider L6 Holdings Inc. bought 21,300 shares of the business’s stock in a transaction on Monday, May 25th. The stock was acquired at an average price of C$8.75 per share, with a total value of C$186,375.00. Following the transaction, the insider owned 3,215,700 shares in the company, valued at approximately C$28,137,375. This trade represents a 0.67% increase in their position. Insiders have purchased a total of 44,600 shares of company stock valued at $389,499 in the last 90 days. Company 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.