Pinetree Capital (TSE:PNP) Shares Cross Above Fifty Day Moving Average - Should You Sell?

Pinetree Capital logo with Financial Services background

Pinetree Capital Ltd. (TSE:PNP - Get Free Report)'s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$11.68 and traded as high as C$12.44. Pinetree Capital shares last traded at C$12.44, with a volume of 10,718 shares traded.

Pinetree Capital Trading Down 5.5 %

The company has a current ratio of 8.14, a quick ratio of 5.97 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average price of C$11.69 and a 200 day moving average price of C$9.08. The company has a market cap of C$110.33 million, a price-to-earnings ratio of 8.27 and a beta of 0.60.

Insider Activity at Pinetree Capital

In related 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. In the last 90 days, insiders sold 21,876 shares of company stock worth $251,630. 43.35% of the stock is owned by corporate 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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