Pinetree Capital (TSE:PNP) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

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$9.18 and traded as high as C$9.58. Pinetree Capital shares last traded at C$9.58, with a volume of 953 shares.

Pinetree Capital Stock Performance

The company has a current ratio of 0.10, a quick ratio of 5.97 and a debt-to-equity ratio of 15.62. The firm’s 50-day moving average is C$9.18 and its two-hundred day moving average is C$9.25. The stock has a market cap of C$89.93 million, a price-to-earnings ratio of -21.29 and a beta of 0.93.

Pinetree Capital (TSE:PNP) last announced its earnings results on Thursday, April 30th. The company reported C($2.02) EPS for the quarter. The firm had revenue of C($18.48) million for the quarter. Pinetree Capital had a negative net margin of 81.12% and a negative return on equity of 5.04%.

Insider Buying and Selling at Pinetree Capital

In other Pinetree Capital news, insider L6 Holdings Inc. purchased 21,300 shares of the stock in a transaction that occurred on Monday, May 25th. The shares were purchased at an average cost of C$8.75 per share, for a total transaction of C$186,375.00. Following the completion of the transaction, the insider owned 3,215,700 shares of the company’s stock, valued at C$28,137,375. The trade was a 0.67% increase in their position. Insiders have bought 43,300 shares of company stock valued at $377,874 over the last quarter. Company insiders own 43.35% of the company’s stock.

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.