Pinetree Capital (TSE:PNP) Shares Pass Below 200 Day Moving Average – Time to Sell?

Pinetree Capital Ltd. (TSE:PNP) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$9.32 and traded as low as C$9.06. Pinetree Capital shares last traded at C$9.07, with a volume of 9,334 shares traded.

Pinetree Capital Trading Down 4.7%

The business’s 50 day simple moving average is C$9.12 and its 200 day simple moving average is C$9.32. The stock has a market cap of C$85.14 million, a price-to-earnings ratio of -4.30 and a beta of 0.91. The company has a quick ratio of 5.97, a current ratio of 15.62 and a debt-to-equity ratio of 0.26.

Pinetree Capital (TSE:PNP) last released its quarterly earnings data on Thursday, April 30th. The company reported C($2.02) earnings per share for the quarter. The firm had revenue of C($18.48) million for the quarter. Pinetree Capital had a negative return on equity of 23.88% and a negative net margin of 355.44%.

Insider Buying and Selling

In other Pinetree Capital news, insider L6 Holdings Inc. purchased 21,300 shares of the stock in a transaction on Monday, May 25th. The shares were purchased at an average price of C$8.75 per share, with a total value of C$186,375.00. Following the completion of the transaction, the insider directly owned 3,215,700 shares in the company, valued at C$28,137,375. This represents a 0.67% increase in their ownership of the stock. Insiders bought a total of 44,600 shares of company stock worth $389,499 in the last three months. Company insiders own 43.35% of the company’s stock.

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.