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Pinetree Capital (TSE:PNP) Stock Passes Below Fifty Day Moving Average - Here's Why

Pinetree Capital logo with Financial Services background

Pinetree Capital Ltd. (TSE:PNP - Get Free Report) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$18.82 and traded as low as C$17.01. Pinetree Capital shares last traded at C$17.58, with a volume of 20,553 shares traded.

Pinetree Capital Stock Performance

The stock has a market capitalization of C$159.86 million, a PE ratio of 8.44 and a beta of 0.60. The business has a 50 day moving average of C$18.80 and a two-hundred day moving average of C$15.07.

Insider Buying and Selling

In related news, insider L6 Holdings Inc. sold 12,400 shares of the company's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of C$20.49, for a total transaction of C$254,076.00. Insiders sold 28,200 shares of company stock worth $623,319 in the last three months. 43.35% of the stock is owned by insiders.

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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