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Pinetree Capital (TSE:PNP) Shares Cross Above 50 Day Moving Average - Time to Sell?

Pinetree Capital logo with Financial Services background
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Pinetree Capital Ltd. (TSE:PNP - Get Free Report) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$12.82 and traded as high as C$14.47. Pinetree Capital shares last traded at C$14.47, with a volume of 5,372 shares changing hands.

Pinetree Capital Stock Down 1.3 %

The firm has a market cap of C$138.74 million, a P/E ratio of 7.33 and a beta of 0.60. The stock's 50-day simple moving average is C$13.01 and its 200 day simple moving average is C$10.53.

Insider Buying and Selling at Pinetree Capital

In other news, insider L6 Holdings Inc. sold 11,000 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of C$13.95, for a total transaction of C$153,450.00. Insiders own 43.35% of the company's stock.

About Pinetree Capital

(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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