Pinetree Capital (TSE:PNP) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of Pinetree Capital Ltd. (TSE:PNP) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$9.77 and traded as low as C$8.70. Pinetree Capital shares last traded at C$9.08, with a volume of 20,806 shares traded.

Pinetree Capital Stock Up 3.2%

The business’s 50 day moving average is C$9.01 and its 200-day moving average is C$9.77. The stock has a market cap of C$85.23 million, a price-to-earnings ratio of -4.30 and a beta of 0.93. The company has a debt-to-equity ratio of 0.26, a quick ratio of 5.97 and a current ratio of 15.62.

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

Insider Transactions at Pinetree Capital

In other Pinetree Capital news, insider L6 Holdings Inc. bought 21,300 shares of the stock in a transaction on Monday, May 25th. The shares were bought at an average price of C$8.75 per share, with a total value of C$186,375.00. Following the purchase, the insider directly owned 3,215,700 shares in the company, valued at C$28,137,375. This trade represents a 0.67% increase in their position. Over the last 90 days, insiders have acquired 43,600 shares of company stock worth $380,449. Insiders own 43.35% of the company’s stock.

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.