Pinetree Capital Ltd. (TSE:PNP – Get Free Report)’s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$11.95 and traded as high as C$14.42. Pinetree Capital shares last traded at C$14.20, with a volume of 19,128 shares.
Pinetree Capital Stock Performance
The firm’s 50-day simple moving average is C$12.04 and its 200 day simple moving average is C$9.80. The stock has a market capitalization of C$133.30 million, a P/E ratio of 7.04 and a beta of 0.60.
Insiders Place Their Bets
In other news, insider L6 Holdings Inc. sold 3,000 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of C$12.56, for a total value of C$37,680.00. Insiders have sold 21,876 shares of company stock valued at $251,630 in the last three months. 43.35% of the stock is currently owned by corporate insiders.
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.
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