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

Pinetree Capital Ltd. (TSE:PNP) insider Shezad Kassam Okhai purchased 4,500 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was bought at an average price of C$9.56 per share, for a total transaction of C$43,020.00. Following the purchase, the insider owned 499,100 shares in the company, valued at approximately C$4,771,396. This represents a 0.91% increase in their ownership of the stock.

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

• On Tuesday, August 4th, Shezad Kassam Okhai acquired 2,100 shares of Pinetree Capital stock. The shares were purchased 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 acquired 400 shares of Pinetree Capital stock. The shares were purchased at an average price of C$9.32 per share, with a total value of C$3,728.00.

Pinetree Capital Trading Down 4.0%

Shares of PNP stock opened at C$9.20 on Friday. The company has a current ratio of 0.10, a quick ratio of 5.97 and a debt-to-equity ratio of 15.62. The stock has a market capitalization of C$86.36 million, a price-to-earnings ratio of -20.44 and a beta of 0.93. Pinetree Capital Ltd. has a 12-month low of C$7.61 and a 12-month high of C$15.07. The stock’s 50-day moving average price is C$9.19 and its 200-day moving average price is C$9.25.

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

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.