Pinetree Capital (TSE:PNP) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

Pinetree Capital Ltd. (TSE:PNP)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$8.96 and traded as high as C$9.41. Pinetree Capital shares last traded at C$9.37, with a volume of 2,005 shares traded.

Pinetree Capital Stock Down 1.9%

The firm has a 50-day moving average of C$8.96 and a two-hundred day moving average of C$9.47. The stock has a market capitalization of C$87.96 million, a price-to-earnings ratio of -4.44 and a beta of 0.91. The company has a quick ratio of 5.97, a current ratio of 15.62 and a debt-to-equity ratio of 0.26.

Pinetree Capital (TSE:PNP) last announced its quarterly earnings data 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 business had revenue of C($18.48) million for the quarter.

Insider Activity

In related news, insider L6 Holdings Inc. purchased 21,300 shares of the firm’s stock in a transaction that occurred on Monday, May 25th. The stock was acquired at an average cost of C$8.75 per share, for a total transaction 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. This trade represents a 0.67% increase in their position. Insiders have purchased 44,600 shares of company stock valued at $389,499 over the last ninety days. 43.35% of the stock is owned by corporate insiders.

Pinetree Capital Company Profile

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.