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Pinetree Capital (TSE:PNP) Shares Pass Above 50-Day Moving Average - Here's Why

Pinetree Capital logo with Financial Services background

Pinetree Capital Ltd. (TSE:PNP - Get Free Report) shares crossed 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 changing hands.

Pinetree Capital Stock Performance

The stock has a market capitalization of C$107.99 million, a price-to-earnings ratio of 8.10 and a beta of 0.60. 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 of C$10.78 and a 200-day moving average of C$8.27.

Insider Activity

In related news, insider L6 Holdings Inc. sold 3,000 shares of Pinetree Capital 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 transaction of C$37,680.00. Over the last three months, insiders have sold 21,876 shares of company stock valued at $251,630. Company insiders own 43.35% of the company's stock.

Pinetree Capital Company Profile

(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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