Pinetree Capital (TSE:PNP) Shares Cross Above 50-Day Moving Average – Here’s What Happened

Pinetree Capital Ltd. (TSE:PNP)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 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 changing hands.

Pinetree Capital Trading Down 4.8 %

The company has a quick ratio of 5.97, a current ratio of 8.14 and a debt-to-equity ratio of 0.35. The stock’s 50 day moving average is C$10.74 and its 200-day moving average is C$8.25. The company has a market cap of C$105.26 million, a PE ratio of 7.89 and a beta of 0.60.

Insider Transactions at Pinetree Capital

In other news, insider L6 Holdings Inc. sold 3,000 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of C$10.10, for a total value of C$30,300.00. Over the last three months, insiders have sold 21,876 shares of company stock valued at $251,630. 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.