Pinetree Capital (TSE:PNP) Stock Crosses Above 50-Day Moving Average – Here’s What Happened

Pinetree Capital Ltd. (TSE:PNP)’s share price crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of C$9.52 and traded as high as C$9.73. Pinetree Capital shares last traded at C$9.59, with a volume of 18,100 shares.

Pinetree Capital Stock Up 1.6%

The company has a quick ratio of 5.97, a current ratio of 0.10 and a debt-to-equity ratio of 15.62. The company has a market capitalization of C$91.43 million, a price-to-earnings ratio of -21.64 and a beta of 1.03. The business’s 50-day moving average is C$9.52 and its 200-day moving average is C$9.26.

Insider Activity at Pinetree Capital

In related news, insider Shezad Kassam Okhai bought 4,000 shares of the stock in a transaction dated Wednesday, September 16th. The shares were purchased at an average price of C$9.36 per share, for a total transaction of C$37,440.00. Following the completion of the purchase, the insider directly owned 510,200 shares of the company’s stock, valued at C$4,775,472. This represents a 0.79% increase in their ownership of the stock. Insiders bought a total of 12,600 shares of company stock valued at $118,777 in the last quarter. 43.35% of the stock is owned by corporate insiders.

About Pinetree Capital

Pinetree is a value-oriented investment and merchant banking company focused on the technology sector. Pinetree’s common shares are listed on the TSX under the symbol ‘PNP’.