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Pinetree Capital (TSE:PNP) Shares Pass Above 50 Day Moving Average - What's Next?

Pinetree Capital logo with Financial Services background

Pinetree Capital Ltd. (TSE:PNP - Get Free Report)'s stock price passed 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.

Pinetree Capital Trading Up 8.1 %

The company has a market capitalization of C$111.65 million, a P/E ratio of 8.37 and a beta of 0.60. The business has a fifty day moving average of C$10.50 and a 200-day moving average of C$8.08. 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 other news, insider L6 Holdings Inc. sold 3,000 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of C$12.56, for a total value of C$37,680.00. Insiders sold 21,876 shares of company stock worth $251,630 over the last three months. 43.35% of the stock is currently owned by insiders.

About Pinetree Capital

(Get Free Report)

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.

See Also

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