Pinetree Capital Ltd. (TSE:PNP – Get Free Report)’s share price crossed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of C$9.52 and traded as low as C$9.42. Pinetree Capital shares last traded at C$9.42, with a volume of 601 shares changing hands.
Pinetree Capital Trading Down 0.7%
The company has a market cap of C$88.43 million, a price-to-earnings ratio of -20.93 and a beta of 1.03. The business’s 50 day moving average price is C$9.52 and its 200-day moving average price is C$9.22. The company has a current ratio of 0.10, a quick ratio of 5.97 and a debt-to-equity ratio of 15.62.
Insiders Place Their Bets
In other Pinetree Capital news, insider Shezad Kassam Okhai bought 4,000 shares of the stock in a transaction dated Wednesday, September 16th. The shares were bought at an average cost of C$9.36 per share, with a total value of C$37,440.00. Following the completion of the acquisition, the insider owned 510,200 shares of the company’s stock, valued at C$4,775,472. This trade represents a 0.79% increase in their ownership of the stock. In the last ninety days, insiders have bought 12,600 shares of company stock valued at $118,777. 43.35% of the stock is owned by insiders.
Pinetree Capital Company Profile
Pinetree is a value-oriented investment and merchant banking company focused on the technology sector. Pinetree’s common shares are listed on the TSX under the symbol ‘PNP’.
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