Shezad Kassam Okhai Acquires 4,500 Shares of Pinetree Capital (TSE:PNP) Stock

Pinetree Capital Ltd. (TSE:PNP) insider Shezad Kassam Okhai bought 4,500 shares of the company’s stock in a transaction on Friday, August 7th. The shares were acquired at an average price of C$9.56 per share, with a total value of C$43,020.00. Following the completion of the acquisition, the insider directly owned 499,100 shares in the company, valued at C$4,771,396. This represents a 0.91% increase in their position.

Shezad Kassam Okhai also recently made the following trade(s):

• On Tuesday, August 4th, Shezad Kassam Okhai bought 2,100 shares of Pinetree Capital stock. The shares were acquired at an average price of C$9.27 per share, with a total value of C$19,467.00.
• On Wednesday, August 5th, Shezad Kassam Okhai purchased 400 shares of Pinetree Capital stock. The stock was acquired at an average cost of C$9.32 per share, for a total transaction of C$3,728.00.

Pinetree Capital Price Performance

Shares of Pinetree Capital stock traded down C$0.33 during trading on Friday, hitting C$9.25. 9,101 shares of the company were exchanged, compared to its average volume of 5,296. Pinetree Capital Ltd. has a fifty-two week low of C$7.61 and a fifty-two week high of C$15.07. The company has a quick ratio of 5.97, a current ratio of 0.10 and a debt-to-equity ratio of 15.62. The firm has a 50 day moving average price of C$9.18 and a 200 day moving average price of C$9.25. The stock has a market capitalization of C$86.83 million, a price-to-earnings ratio of -20.56 and a beta of 0.93.

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

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.