Pinetree Capital (TSE:PNP) Shares Pass Above 50 Day Moving Average – What’s Next?

Pinetree Capital Ltd. (TSE:PNP)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$9.49 and traded as high as C$9.50. Pinetree Capital shares last traded at C$9.50, with a volume of 2,155 shares.

Pinetree Capital Trading Up 0.1%

The company has a quick ratio of 5.97, a current ratio of 0.10 and a debt-to-equity ratio of 15.62. The firm has a market capitalization of C$89.18 million, a P/E ratio of -21.11 and a beta of 1.02. The firm has a 50 day moving average of C$9.49 and a 200-day moving average of C$9.22.

Insiders Place Their Bets

In related news, insider Shezad Kassam Okhai bought 4,500 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was purchased at an average cost of C$9.56 per share, for a total transaction of C$43,020.00. Following the transaction, the insider owned 499,100 shares in the company, valued at C$4,771,396. The trade was a 0.91% increase in their position. Over the last ninety days, insiders acquired 8,000 shares of company stock valued at $75,265. 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.