Pinetree Capital (TSE:PNP) Share Price Passes Above Fifty Day Moving Average – What’s Next?

Pinetree Capital Ltd. (TSE:PNP)’s share price crossed 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.

Pinetree Capital Trading Up 2.6 %

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

Insider Transactions at Pinetree Capital

In related news, insider L6 Holdings Inc. sold 3,000 shares of the business’s 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. Over the last ninety days, insiders sold 21,876 shares of company stock valued at $251,630. 43.35% of the stock is currently owned by corporate insiders.

About Pinetree Capital

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.