Pinetree Capital (TSE:PNP) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Pinetree Capital Ltd. (TSE:PNP)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$9.77 and traded as low as C$8.70. Pinetree Capital shares last traded at C$9.08, with a volume of 20,806 shares trading hands.

Pinetree Capital Stock Performance

The firm’s 50 day moving average price is C$9.01 and its two-hundred day moving average price is C$9.77. The company has a debt-to-equity ratio of 0.26, a quick ratio of 5.97 and a current ratio of 15.62. The firm has a market cap of C$85.23 million, a PE ratio of -4.30 and a beta of 0.93.

Pinetree Capital (TSE:PNP) last announced its quarterly earnings results on Thursday, April 30th. The company reported C($2.02) earnings per share (EPS) 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%.

Insiders Place Their Bets

In other Pinetree Capital news, insider L6 Holdings Inc. bought 21,300 shares of the business’s stock in a transaction on Monday, May 25th. The stock was bought at an average price of C$8.75 per share, with a total value of C$186,375.00. Following the completion of the purchase, the insider directly owned 3,215,700 shares in the company, valued at C$28,137,375. The trade was a 0.67% increase in their ownership of the stock. Insiders purchased 43,600 shares of company stock valued at $380,449 in the last ninety days. Corporate 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.