Pinetree Capital (TSE:PNP) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

Pinetree Capital Ltd. (TSE:PNP)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$10.74 and traded as high as C$12.51. Pinetree Capital shares last traded at C$11.21, with a volume of 6,188 shares traded.

Pinetree Capital Stock Performance

The firm’s 50 day simple moving average is C$10.84 and its 200 day simple moving average is C$8.31. The firm has a market capitalization of C$107.99 million, a price-to-earnings ratio of 8.10 and a beta of 0.60. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.97 and a current ratio of 8.14.

Insider Activity

In other Pinetree Capital news, insider L6 Holdings Inc. sold 3,000 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of C$12.56, for a total transaction of C$37,680.00. Insiders sold a total of 21,876 shares of company stock valued at $251,630 in the last quarter. 43.35% of the stock is currently owned by company insiders.

Pinetree Capital Company Profile

Pinetree Capital Ltd. is a venture capital and private equity firm specializing in early, later stage venture, middle market, mature, later stage, turnaround and growth capital investments in micro and small cap companies. The firm prefers to invest in enterprise software, financial and healthcare industries.