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Pinetree Capital (TSE:PNP) Sets New 12-Month High - Here's Why

Pinetree Capital logo with Financial Services background

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

Pinetree Capital Price Performance

The stock has a market capitalization of C$142.68 million, a P/E ratio of 7.53 and a beta of 0.60. The stock has a fifty day moving average price of C$13.45 and a 200 day moving average price of C$11.10.

Insiders Place Their Bets

In other Pinetree Capital news, insider L6 Holdings Inc. sold 11,000 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of C$13.95, for a total value of C$153,450.00. Insiders sold a total of 38,100 shares of company stock worth $537,291 in the last quarter. 43.35% of the stock is owned by company insiders.

Pinetree Capital Company Profile

(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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