Insider Buying: Pinetree Capital (TSE:PNP) Insider Acquires 4,500 Shares of Stock

Pinetree Capital Ltd. (TSE:PNP) insider Shezad Kassam Okhai bought 4,500 shares of Pinetree Capital stock in a transaction that occurred on Friday, August 7th. The shares were acquired at an average price of C$9.56 per share, for a total transaction of C$43,020.00. Following the completion of the transaction, the insider directly owned 499,100 shares of the company’s stock, valued at C$4,771,396. This trade represents a 0.91% increase in their position.

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

• On Tuesday, August 4th, Shezad Kassam Okhai acquired 2,100 shares of Pinetree Capital stock. The shares were bought at an average cost of C$9.27 per share, with a total value of C$19,467.00.
• On Wednesday, August 5th, Shezad Kassam Okhai acquired 400 shares of Pinetree Capital stock. The shares were bought at an average price of C$9.32 per share, for a total transaction of C$3,728.00.

Pinetree Capital Trading Down 3.4%

Shares of PNP traded down C$0.33 during mid-day trading on Friday, hitting C$9.25. The company had a trading volume of 9,101 shares, compared to its average volume of 5,296. Pinetree Capital Ltd. has a 1-year low of C$7.61 and a 1-year high of C$15.07. The company has a quick ratio of 5.97, a current ratio of 0.10 and a debt-to-equity ratio of 15.62. The business’s 50-day simple moving average is C$9.18 and its 200-day simple moving average is C$9.25. The stock has a market cap of C$86.83 million, a PE ratio of -20.56 and a beta of 0.93.

Pinetree Capital (TSE:PNP) last announced its quarterly earnings results on Thursday, April 30th. The company reported C($2.02) earnings per share for the quarter. Pinetree Capital had a negative net margin of 81.12% and a negative return on equity of 5.04%. The company had revenue of C($18.48) million during 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.