Pinetree Capital (TSE:PNP) Share Price Breaks Below 50-Day Moving Average – Should You Sell?

Pinetree Capital Ltd. (TSE:PNP)’s stock price crossed below its fifty day moving average during trading on Monday. The stock has a fifty day moving average of C$9.47 and traded as low as C$9.32. Pinetree Capital shares last traded at C$9.35, with a volume of 1,700 shares trading hands.

Pinetree Capital Trading Up 2.4%

The stock has a market cap of C$88.89 million, a P/E ratio of -21.04 and a beta of 1.02. The company has a current ratio of 0.10, a quick ratio of 5.97 and a debt-to-equity ratio of 15.62. The company has a 50-day moving average price of C$9.46 and a two-hundred day moving average price of C$9.20.

Insider Activity

In other news, insider Shezad Kassam Okhai bought 4,000 shares of the stock in a transaction dated Wednesday, September 16th. The stock was purchased at an average price of C$9.36 per share, for a total transaction of C$37,440.00. Following the acquisition, the insider owned 510,200 shares of the company’s stock, valued at C$4,775,472. The trade was a 0.79% increase in their ownership of the stock. In the last three months, insiders have bought 11,600 shares of company stock valued at $109,307. 43.35% of the stock is currently owned by company insiders.

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.