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

Shares of Pinetree Capital Ltd. (TSE:PNP) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$9.00 and traded as high as C$9.01. Pinetree Capital shares last traded at C$9.01, with a volume of 1,603 shares traded.

Pinetree Capital Stock Down 0.8%

The firm has a 50-day moving average price of C$9.00 and a two-hundred day moving average price of C$9.65. The company has a market capitalization of C$84.58 million, a P/E ratio of -4.27 and a beta of 0.93. The company has a quick ratio of 5.97, a current ratio of 15.62 and a debt-to-equity ratio of 0.26.

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

Insider Activity

In related news, insider L6 Holdings Inc. acquired 21,300 shares of the company’s stock in a transaction dated Monday, May 25th. The shares were bought at an average price of C$8.75 per share, for a total transaction of C$186,375.00. Following the acquisition, the insider owned 3,215,700 shares in the company, valued at C$28,137,375. This trade represents a 0.67% increase in their position. In the last quarter, insiders have bought 43,600 shares of company stock worth $380,449. 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.