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Pinetree Capital (TSE:PNP) Share Price Passes Below Fifty Day Moving Average - Should You Sell?

Pinetree Capital logo with Financial Services background

Key Points

  • Pinetree Capital Ltd. shares traded below their 50-day moving average of C$15.73, closing at C$13.86 with a trading volume of 3,935 shares.
  • The company has a market capitalization of C$130.10 million and a PE ratio of 6.87, indicating a potentially undervalued stock.
  • Pinetree Capital is focused on small-cap investments in the resource and technology sectors, primarily within the Canadian market.
  • Need better tools to track Pinetree Capital? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Pinetree Capital Ltd. (TSE:PNP - Get Free Report) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$15.73 and traded as low as C$13.86. Pinetree Capital shares last traded at C$13.86, with a volume of 3,935 shares changing hands.

Pinetree Capital Stock Down 1.8%

The company has a market cap of C$131.61 million, a PE ratio of 4.22 and a beta of 0.57. The business's 50 day moving average price is C$15.50 and its 200-day moving average price is C$16.23.

About Pinetree Capital

(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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