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Pinetree Capital (TSE:PNP) Stock Passes Above Fifty Day Moving Average - Here's What Happened

Pinetree Capital logo with Financial Services background
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Shares of Pinetree Capital Ltd. (TSE:PNP - Get Free Report) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$11.95 and traded as high as C$14.42. Pinetree Capital shares last traded at C$14.20, with a volume of 19,128 shares.

Pinetree Capital Stock Up 8.5 %

The company has a market cap of C$130.39 million, a P/E ratio of 6.88 and a beta of 0.60. The company has a fifty day moving average of C$12.15 and a 200 day moving average of C$9.91.

Insider Activity

In other news, insider L6 Holdings Inc. sold 3,000 shares of the business's stock in a transaction on Monday, December 9th. The shares were sold at an average price of C$12.56, for a total transaction of C$37,680.00. Insiders sold 21,876 shares of company stock valued at $251,630 in the last quarter. 43.35% of the stock is currently owned by 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.

Further Reading

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