Pinetree Capital (TSE:PNP) Stock Price Passes Above 50-Day Moving Average – What’s Next?

Shares of Pinetree Capital Ltd. (TSE:PNP) 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 trading hands.

Pinetree Capital Stock Down 4.8 %

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

Insider Activity

In other news, insider L6 Holdings Inc. sold 3,000 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of C$12.56, for a total value of C$37,680.00. Insiders have sold a total of 21,876 shares of company stock worth $251,630 over the last 90 days. 43.35% of the stock is currently owned by 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.