Pinetree Capital (TSE:PNP) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Pinetree Capital Ltd. (TSE:PNP) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$12.82 and traded as high as C$14.47. Pinetree Capital shares last traded at C$14.47, with a volume of 5,372 shares traded.

Pinetree Capital Stock Up 2.5 %

The firm has a market cap of C$140.52 million, a P/E ratio of 7.42 and a beta of 0.60. The company’s 50 day simple moving average is C$12.87 and its 200-day simple moving average is C$10.44.

Insiders Place Their Bets

In other news, insider L6 Holdings Inc. sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of C$14.26, for a total transaction of C$42,780.00. 43.35% of the stock is owned by insiders.

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.