Pinetree Capital (TSE:PNP) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

Pinetree Capital Ltd. (TSE:PNPGet Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$10.74 and traded as high as C$12.51. Pinetree Capital shares last traded at C$11.21, with a volume of 6,188 shares trading hands.

Pinetree Capital Price Performance

The company has a current ratio of 8.14, a quick ratio of 5.97 and a debt-to-equity ratio of 0.35. The company has a market capitalization of C$107.99 million, a PE ratio of 8.10 and a beta of 0.60. The company’s 50 day moving average price is C$10.84 and its 200-day moving average price is C$8.31.

Insider Buying and Selling at Pinetree Capital

In related news, insider L6 Holdings Inc. sold 3,000 shares of Pinetree Capital stock in a transaction on Monday, December 9th. The shares were sold at an average price of C$12.56, for a total transaction of C$37,680.00. Over the last 90 days, insiders sold 21,876 shares of company stock valued at $251,630. Company insiders own 43.35% of the company’s stock.

About Pinetree Capital

(Get Free Report)

Pinetree Capital Ltd. is a venture capital and private equity firm specializing in early, later stage venture, middle market, mature, later stage, turnaround and growth capital investments in micro and small cap companies. The firm prefers to invest in enterprise software, financial and healthcare industries.

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