Insider Buying: Pinetree Capital (TSE:PNP) Insider Purchases C$19,467.00 in Stock

Pinetree Capital Ltd. (TSE:PNP) insider Shezad Kassam Okhai purchased 2,100 shares of Pinetree Capital stock in a transaction dated Tuesday, August 4th. The shares were bought at an average cost of C$9.27 per share, for a total transaction of C$19,467.00. Following the transaction, the insider directly owned 494,200 shares of the company’s stock, valued at approximately C$4,581,234. The trade was a 0.43% increase in their position.

Shezad Kassam Okhai also recently made the following trade(s):

• On Wednesday, August 5th, Shezad Kassam Okhai acquired 400 shares of Pinetree Capital stock. The stock was purchased at an average cost of C$9.32 per share, with a total value of C$3,728.00.
• On Friday, August 7th, Shezad Kassam Okhai acquired 4,500 shares of Pinetree Capital stock. The shares were purchased at an average price of C$9.56 per share, for a total transaction of C$43,020.00.

Pinetree Capital Stock Performance

TSE:PNP opened at C$9.20 on Monday. The company has a market cap of C$86.36 million, a PE ratio of -20.44 and a beta of 0.93. The business’s 50 day moving average is C$9.19 and its two-hundred day moving average is C$9.24. The company has a quick ratio of 5.97, a current ratio of 0.10 and a debt-to-equity ratio of 15.62. Pinetree Capital Ltd. has a 52 week low of C$7.61 and a 52 week high of C$15.07.

Pinetree Capital (TSE:PNP) last posted its quarterly earnings results on Thursday, April 30th. The company reported C($2.02) earnings per share (EPS) for the quarter. Pinetree Capital had a negative net margin of 81.12% and a negative return on equity of 5.04%. 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.