Pinetree Capital (TSE:PNP) Share Price Breaks Above 50 Day Moving Average – What’s Next?

Pinetree Capital Ltd. (TSE:PNP) passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of C$9.52 and traded as high as C$9.73. Pinetree Capital shares last traded at C$9.59, with a volume of 18,100 shares changing hands.

Pinetree Capital Stock Performance

The company has a debt-to-equity ratio of 15.62, a quick ratio of 5.97 and a current ratio of 0.10. The company has a market capitalization of C$90.02 million, a price-to-earnings ratio of -21.31 and a beta of 1.03. The firm has a 50-day simple moving average of C$9.52 and a two-hundred day simple moving average of C$9.26.

Insider Activity at Pinetree Capital

In other Pinetree Capital news, insider Shezad Kassam Okhai acquired 4,500 shares of the stock in a transaction dated Friday, August 7th. The stock was acquired at an average price of C$9.56 per share, with a total value of C$43,020.00. Following the completion of the purchase, the insider owned 499,100 shares in the company, valued at C$4,771,396. This trade represents a 0.91% increase in their position. Insiders have purchased a total of 12,600 shares of company stock valued at $118,777 over the last ninety days. Company insiders own 43.35% of the company’s stock.

About Pinetree Capital

Pinetree is a value-oriented investment and merchant banking company focused on the technology sector. Pinetree’s common shares are listed on the TSX under the symbol ‘PNP’.