Pinetree Capital (TSE:PNP) Shares Pass Above 50 Day Moving Average – Time to Sell?

Pinetree Capital Ltd. (TSE:PNP)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$8.96 and traded as high as C$9.41. Pinetree Capital shares last traded at C$9.37, with a volume of 2,005 shares changing hands.

Pinetree Capital Price Performance

The company has a quick ratio of 5.97, a current ratio of 15.62 and a debt-to-equity ratio of 0.26. The stock’s 50 day moving average price is C$8.96 and its two-hundred day moving average price is C$9.47. The firm has a market capitalization of C$87.96 million, a price-to-earnings ratio of -4.44 and a beta of 0.91.

Pinetree Capital (TSE:PNP) last released its quarterly earnings data on Thursday, April 30th. The company reported C($2.02) earnings per share (EPS) for the quarter. The firm had revenue of C($18.48) million for the quarter. Pinetree Capital had a negative net margin of 355.44% and a negative return on equity of 23.88%.

Insiders Place Their Bets

In other news, insider L6 Holdings Inc. purchased 21,300 shares of the business’s stock in a transaction dated Monday, May 25th. The stock was bought at an average cost of C$8.75 per share, with a total value of C$186,375.00. Following the purchase, the insider directly owned 3,215,700 shares of the company’s stock, valued at approximately C$28,137,375. This trade represents a 0.67% increase in their ownership of the stock. Over the last quarter, insiders bought 44,600 shares of company stock valued at $389,499. Corporate 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.