Pinetree Capital (TSE:PNP) Stock Crosses Above 50 Day Moving Average – What’s Next?

Shares of Pinetree Capital Ltd. (TSE:PNP) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$10.42 and traded as high as C$11.27. Pinetree Capital shares last traded at C$11.00, with a volume of 5,286 shares traded.

Pinetree Capital Stock Up 1.7 %

The company has a current ratio of 8.14, a quick ratio of 5.97 and a debt-to-equity ratio of 0.35. The company has a market capitalization of C$113.53 million, a price-to-earnings ratio of 8.51 and a beta of 0.60. The company has a 50-day moving average of C$10.50 and a 200-day moving average of C$8.08.

Insiders Place Their Bets

In related news, insider L6 Holdings Inc. sold 3,000 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of C$10.13, for a total value of C$30,384.00. In the last quarter, insiders have sold 21,876 shares of company stock valued at $251,630. Insiders own 43.35% of the company’s stock.

Pinetree Capital Company Profile

Pinetree Capital Ltd. is a venture capital and private equity firm specializing in early, later stage venture, middle market, mature, later stage, turnaround and growth capital investments in micro and small cap companies. The firm prefers to invest in enterprise software, financial and healthcare industries.