Pinetree Capital (TSE:PNP) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Pinetree Capital Ltd. (TSE:PNP) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$8.93 and traded as high as C$9.66. Pinetree Capital shares last traded at C$8.95, with a volume of 9,708 shares traded.

Pinetree Capital Stock Performance

The firm has a market cap of C$84.01 million, a P/E ratio of -4.24 and a beta of 0.89. The stock’s 50 day moving average is C$8.93 and its two-hundred day moving average is C$10.04. The company has a debt-to-equity ratio of 0.26, a current ratio of 15.62 and a quick ratio of 5.97.

Pinetree Capital (TSE:PNP) last announced its quarterly earnings results on Thursday, April 30th. The company reported C($2.02) EPS for the quarter. The company had revenue of C($18.48) million during the quarter. Pinetree Capital had a negative net margin of 355.44% and a negative return on equity of 23.88%.

Insider Activity

In related news, insider L6 Holdings Inc. acquired 21,300 shares of the business’s stock in a transaction on Monday, May 25th. The stock was bought at an average cost of C$8.75 per share, with a total value of C$186,375.00. Following the completion of the acquisition, the insider owned 3,215,700 shares in the company, valued at C$28,137,375. The trade was a 0.67% increase in their ownership of the stock. Insiders acquired 43,600 shares of company stock worth $380,449 over the last three months. 43.35% of the stock is currently owned by company insiders.

About Pinetree Capital

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.