Pinetree Capital (TSE:PNP) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Pinetree Capital Ltd. (TSE:PNPGet Free Report)’s stock price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$13.82 and traded as low as C$12.61. Pinetree Capital shares last traded at C$13.21, with a volume of 6,083 shares traded.

Pinetree Capital Stock Performance

The stock has a 50-day simple moving average of C$13.82 and a two-hundred day simple moving average of C$16.16. The firm has a market cap of C$124.00 million, a PE ratio of 3.98 and a beta of 0.43.

About Pinetree Capital

(Get Free Report)

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.

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