Pinetree Capital (TSE:PNP) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Pinetree Capital Ltd. (TSE:PNP) crossed 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 changing hands.

Pinetree Capital Stock Up 1.9%

The business has a 50 day moving average of C$9.18 and a two-hundred day moving average of C$9.25. The stock has a market capitalization of C$89.93 million, a PE ratio of -21.29 and a beta of 0.93. The company has a debt-to-equity ratio of 15.62, a quick ratio of 5.97 and a current ratio of 0.10.

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

Insider Buying and Selling at Pinetree Capital

In other news, insider L6 Holdings Inc. acquired 21,300 shares of Pinetree Capital stock in a transaction dated Monday, May 25th. The stock was 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 purchase, the insider directly owned 3,215,700 shares in the company, valued at C$28,137,375. This trade represents a 0.67% increase in their position. Insiders bought 43,300 shares of company stock valued at $377,874 over the last quarter. 43.35% of the stock is currently owned by corporate 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.