Pinetree Capital (TSE:PNP) Share Price Passes Below 50-Day Moving Average – Here’s Why

Pinetree Capital Ltd. (TSE:PNPGet Free Report)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$12.32 and traded as low as C$10.31. Pinetree Capital shares last traded at C$10.71, with a volume of 12,780 shares changing hands.

Pinetree Capital Stock Down 1.7%

The stock has a 50 day simple moving average of C$12.32 and a 200 day simple moving average of C$15.51. The company has a market cap of C$100.53 million, a price-to-earnings ratio of 3.55 and a beta of 0.40.

About Pinetree Capital

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Pinetree Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pinetree Capital and related companies with MarketBeat.com's FREE daily email newsletter.