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

Shares of Pinetree Capital Ltd. (TSE:PNPGet Free Report) crossed 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 trading hands.

Pinetree Capital Price Performance

The company has a market capitalization of C$140.52 million, a PE ratio of 7.42 and a beta of 0.60. The company’s fifty day moving average is C$12.87 and its 200-day moving average is C$10.44.

Insider Activity at Pinetree Capital

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

Pinetree Capital Company Profile

(Get Free Report)

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.

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