Pinetree Capital (TSE:PNP) Shares Cross Above 50-Day Moving Average – Should You Sell?

Pinetree Capital Ltd. (TSE:PNP)’s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$9.33 and traded as high as C$9.84. Pinetree Capital shares last traded at C$9.73, with a volume of 3,900 shares changing hands.

Pinetree Capital Trading Up 4.0%

The company has a market capitalization of C$92.65 million, a P/E ratio of -21.93 and a beta of 0.93. The company has a debt-to-equity ratio of 15.62, a current ratio of 0.10 and a quick ratio of 5.97. The business’s 50-day moving average price is C$9.34 and its two-hundred day moving average price is C$9.23.

Pinetree Capital (TSE:PNP) last issued its quarterly earnings data on Thursday, April 30th. The company reported C($2.02) EPS for the quarter. The business had revenue of C($18.48) million for the quarter. Pinetree Capital had a negative return on equity of 5.04% and a negative net margin of 81.12%.

Insider Buying and Selling at Pinetree Capital

In other Pinetree Capital news, insider Shezad Kassam Okhai acquired 4,500 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were acquired at an average price of C$9.56 per share, for a total transaction of C$43,020.00. Following the acquisition, the insider directly owned 499,100 shares of the company’s stock, valued at approximately C$4,771,396. This trade represents a 0.91% increase in their position. In the last quarter, insiders bought 8,000 shares of company stock worth $75,265. Insiders own 43.35% of the company’s stock.

About Pinetree Capital

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.