Pinetree Capital (TSE:PNP) Stock Passes Below 50 Day Moving Average – Time to Sell?

Shares of Pinetree Capital Ltd. (TSE:PNPGet Free Report) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$11.08 and traded as low as C$9.60. Pinetree Capital shares last traded at C$9.60, with a volume of 2,308 shares trading hands.

Pinetree Capital Trading Up 1.3%

The firm has a market cap of C$90.12 million, a P/E ratio of 3.18 and a beta of 0.67. The stock’s fifty day moving average is C$11.08 and its two-hundred day moving average is C$12.36.

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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