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Pinetree Capital (TSE:PNP) Hits New 52-Week High - Time to Buy?

Pinetree Capital logo with Financial Services background
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Pinetree Capital Ltd. (TSE:PNP - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$15.48 and last traded at C$15.41, with a volume of 13810 shares trading hands. The stock had previously closed at C$15.00.

Pinetree Capital Trading Down 5.7 %

The company's 50 day simple moving average is C$13.42 and its 200 day simple moving average is C$11.01. The stock has a market capitalization of C$145.40 million, a PE ratio of 7.68 and a beta of 0.60.

Insider Transactions at Pinetree Capital

In related news, insider L6 Holdings Inc. sold 3,000 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of C$14.26, for a total transaction of C$42,780.00. In the last quarter, insiders sold 38,100 shares of company stock worth $537,291. 43.35% of the stock is currently owned by company insiders.

About Pinetree Capital

(Get Free Report)

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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