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

Shares of Pinetree Capital Ltd. (TSE:PNP) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$11.73 and traded as high as C$13.91. Pinetree Capital shares last traded at C$13.11, with a volume of 7,356 shares changing hands.

Pinetree Capital Stock Down 5.9 %

The company’s fifty day simple moving average is C$11.73 and its two-hundred day simple moving average is C$9.52. The company has a market capitalization of C$123.06 million, a price-to-earnings ratio of 6.50 and a beta of 0.60.

Insider Transactions at Pinetree Capital

In other Pinetree Capital news, insider L6 Holdings Inc. sold 3,000 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of C$10.10, for a total value of C$30,300.00. In the last three months, insiders sold 21,876 shares of company stock worth $251,630. 43.35% of the stock is owned by company 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.