Insider Buying: Pinetree Capital (TSE:PNP) Insider Buys 2,100 Shares of Stock

Pinetree Capital Ltd. (TSE:PNP) insider Shezad Kassam Okhai acquired 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were bought at an average cost of C$9.27 per share, for a total transaction of C$19,467.00. Following the purchase, the insider owned 494,200 shares of the company’s stock, valued at approximately C$4,581,234. The trade was a 0.43% increase in their ownership of the stock.

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

• On Wednesday, August 5th, Shezad Kassam Okhai bought 400 shares of Pinetree Capital stock. The stock was purchased at an average cost of C$9.32 per share, with a total value of C$3,728.00.
• On Friday, August 7th, Shezad Kassam Okhai bought 4,500 shares of Pinetree Capital stock. The stock was purchased at an average cost of C$9.56 per share, with a total value of C$43,020.00.

Pinetree Capital Trading Down 3.4%

TSE:PNP traded down C$0.33 on Friday, reaching C$9.25. The stock had a trading volume of 9,101 shares, compared to its average volume of 5,296. Pinetree Capital Ltd. has a 12-month low of C$7.61 and a 12-month high of C$15.07. The company has a market cap of C$86.83 million, a price-to-earnings ratio of -20.56 and a beta of 0.93. The firm’s fifty day moving average is C$9.18 and its two-hundred day moving average is C$9.25. The company has a debt-to-equity ratio of 15.62, a current ratio of 0.10 and a quick ratio of 5.97.

Pinetree Capital (TSE:PNP) last issued its quarterly 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 return on equity of 5.04% and a negative net margin of 81.12%.

About Pinetree Capital

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.