Pinetree Capital Ltd. (TSE:PNP – Get Free Report)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$11.57 and traded as high as C$12.43. Pinetree Capital shares last traded at C$12.32, with a volume of 6,842 shares changing hands.
Pinetree Capital Stock Performance
The stock has a market cap of C$115.68 million, a PE ratio of 8.68 and a beta of 0.60. The firm’s 50-day moving average is C$11.57 and its 200 day moving average is C$9.27. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.97 and a current ratio of 8.14.
Insider Activity
In related news, insider L6 Holdings Inc. sold 3,076 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$15.12, for a total value of C$46,506.04. Over the last three months, insiders sold 21,876 shares of company stock valued at $251,630. Insiders own 43.35% of the company’s stock.
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.
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