Insider Buying: Pinetree Capital (TSE:PNP) Insider Purchases C$11,336.00 in Stock

Pinetree Capital Ltd. (TSE:PNP) insider L6 Holdings Inc. purchased 1,300 shares of Pinetree Capital stock in a transaction that occurred on Tuesday, May 26th. The shares were acquired at an average price of C$8.72 per share, with a total value of C$11,336.00. Following the acquisition, the insider directly owned 3,217,000 shares of the company’s stock, valued at C$28,052,240. This trade represents a 0.04% increase in their position.

L6 Holdings Inc. also recently made the following trade(s):

• On Thursday, May 21st, L6 Holdings Inc. purchased 500 shares of Pinetree Capital stock. The shares were acquired at an average price of C$8.55 per share, with a total value of C$4,275.00.
• On Friday, May 22nd, L6 Holdings Inc. purchased 17,100 shares of Pinetree Capital stock. The shares were acquired at an average price of C$8.68 per share, with a total value of C$148,428.00.
• On Monday, May 25th, L6 Holdings Inc. purchased 21,300 shares of Pinetree Capital stock. The shares were acquired at an average price of C$8.75 per share, with a total value of C$186,375.00.

Pinetree Capital Trading Down 0.6%

Pinetree Capital stock opened at C$8.85 on Friday. Pinetree Capital Ltd. has a 52 week low of C$7.61 and a 52 week high of C$20.90. The company has a debt-to-equity ratio of 0.26, a quick ratio of 5.97 and a current ratio of 15.62. The stock has a market capitalization of C$83.07 million, a P/E ratio of -4.19 and a beta of 0.89. The stock has a 50-day simple moving average of C$8.92 and a 200 day simple moving average of C$10.07.

Pinetree Capital (TSE:PNP) last issued its quarterly earnings data on Thursday, April 30th. The company reported C($2.02) earnings per share (EPS) 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 for the quarter.

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.