Pineapple Financial (NYSEAMERICAN:PAPL) Trading 3.4% Higher – Here’s What Happened

Shares of Pineapple Financial Inc. (NYSEAMERICAN:PAPL) shot up 3.4% on Thursday . The stock traded as high as $0.12 and last traded at $0.11. 1,996,055 shares traded hands during trading, an increase of 425% from the average session volume of 380,210 shares. The stock had previously closed at $0.11.

Analyst Ratings Changes

Separately, D. Boral Capital restated a “buy” rating and issued a $5.00 price objective on shares of Pineapple Financial in a report on Wednesday, April 16th.

Pineapple Financial Stock Performance

The company has a market capitalization of $1.01 million, a price-to-earnings ratio of -0.21 and a beta of -0.49. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.65. The stock’s fifty day simple moving average is $0.28 and its 200-day simple moving average is $0.48.

About Pineapple Financial

Pineapple Financial Inc operates as a mortgage technology and brokerage company in Canada. The company provides mortgage brokerage services and technology solutions to Canadian mortgage agents, brokers, sub-brokers, brokerages, and consumers; and mortgage consultation services through field agents. It also operates MyPineapple, a technology platform that allows users to conduct their brokerage services.