Pinetree Capital (TSE:PNP) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Pinetree Capital Ltd. (TSE:PNP)’s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$9.00 and traded as high as C$9.01. Pinetree Capital shares last traded at C$9.01, with a volume of 1,603 shares.

Pinetree Capital Trading Down 0.8%

The company has a debt-to-equity ratio of 0.26, a current ratio of 15.62 and a quick ratio of 5.97. The business’s 50-day moving average price is C$9.00 and its two-hundred day moving average price is C$9.65. The company has a market capitalization of C$84.58 million, a price-to-earnings ratio of -4.27 and a beta of 0.93.

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

Insider Activity

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