Insider Buying: Pinetree Capital (TSE:PNP) Insider Buys C$37,440.00 in Stock

Pinetree Capital Ltd. (TSE:PNP) insider Shezad Kassam Okhai bought 4,000 shares of the company’s stock in a transaction dated Wednesday, September 16th. The stock was purchased at an average cost of C$9.36 per share, for a total transaction of C$37,440.00. Following the completion of the acquisition, the insider owned 510,200 shares in the company, valued at C$4,775,472. This trade represents a 0.79% increase in their position.

Shezad Kassam Okhai also recently made the following trade(s):

• On Friday, September 18th, Shezad Kassam Okhai purchased 600 shares of Pinetree Capital stock. The shares were acquired at an average cost of C$9.42 per share, for a total transaction of C$5,652.00.
• On Tuesday, August 4th, Shezad Kassam Okhai purchased 2,100 shares of Pinetree Capital stock. The shares were acquired at an average cost of C$9.27 per share, for a total transaction of C$19,467.00.
• On Wednesday, August 5th, Shezad Kassam Okhai acquired 400 shares of Pinetree Capital stock. The stock was acquired at an average price of C$9.32 per share, for a total transaction of C$3,728.00.
• On Friday, August 7th, Shezad Kassam Okhai acquired 4,500 shares of Pinetree Capital stock. The stock was acquired at an average cost of C$9.56 per share, with a total value of C$43,020.00.

Pinetree Capital Stock Performance

Shares of TSE PNP traded up C$0.05 during midday trading on Monday, hitting C$9.55. 1,425 shares of the company’s stock were exchanged, compared to its average volume of 4,922. 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$89.65 million, a PE ratio of -21.22 and a beta of 1.02. Pinetree Capital Ltd. has a 12 month low of C$7.61 and a 12 month high of C$14.35. The company’s 50 day moving average price is C$9.49 and its 200 day moving average price is C$9.21.

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.