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

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 Thursday . The stock has a 50 day moving average of C$10.74 and traded as high as C$12.51. Pinetree Capital shares last traded at C$11.21, with a volume of 6,188 shares trading hands.

Pinetree Capital Trading Up 2.6 %

The company has a 50-day simple moving average of C$10.78 and a 200 day simple moving average of C$8.27. The company has a market capitalization of C$107.99 million, a P/E ratio of 8.10 and a beta of 0.60. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.97 and a current ratio of 8.14.

Insiders Place Their Bets

In related news, insider L6 Holdings Inc. sold 3,000 shares of the business's stock in a transaction that occurred 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. Over the last ninety days, insiders have sold 21,876 shares of company stock valued at $251,630. 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.

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