Pinetree Capital (TSE:PNP) Reaches New 12-Month Low – What’s Next?

Pinetree Capital Ltd. (TSE:PNP) hit a new 52-week low during trading on Thursday . The stock traded as low as C$8.99 and last traded at C$8.94, with a volume of 6113 shares trading hands. The stock had previously closed at C$9.30.

Pinetree Capital Trading Down 3.9%

The company has a market cap of C$83.92 million, a P/E ratio of 8.51 and a beta of 0.74. The company has a current ratio of 63.66, a quick ratio of 5.97 and a debt-to-equity ratio of 0.21. The business has a 50 day moving average price of C$9.89 and a 200-day moving average price of C$11.23.

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.