Pinetree Capital (TSE:PNP) Share Price Passes Below 200 Day Moving Average – Should You Sell?

Shares of Pinetree Capital Ltd. (TSE:PNP) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$9.90 and traded as low as C$8.90. Pinetree Capital shares last traded at C$9.00, with a volume of 17,091 shares trading hands.

Pinetree Capital Stock Performance

The company has a debt-to-equity ratio of 0.26, a current ratio of 15.62 and a quick ratio of 5.97. The business has a 50-day simple moving average of C$8.96 and a 200-day simple moving average of C$9.87. The firm has a market capitalization of C$83.54 million, a PE ratio of -4.22 and a beta of 0.93.

Pinetree Capital (TSE:PNP) last issued its quarterly earnings data on Thursday, April 30th. The company reported C($2.02) earnings per share (EPS) for the quarter. The company had revenue of C($18.48) million for the quarter. Pinetree Capital had a negative net margin of 355.44% and a negative return on equity of 23.88%.

Insiders Place Their Bets

In other news, insider L6 Holdings Inc. acquired 21,300 shares of the business’s stock in a transaction on Monday, May 25th. The shares were acquired at an average price of C$8.75 per share, for a total transaction of C$186,375.00. Following the completion of the transaction, the insider directly owned 3,215,700 shares of the company’s stock, valued at approximately C$28,137,375. The trade was a 0.67% increase in their position. Insiders have acquired a total of 43,600 shares of company stock worth $380,449 in the last quarter. 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.