Pinetree Capital Ltd. (TSE:PNP - Get Free Report) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$18.70 and traded as low as C$17.50. Pinetree Capital shares last traded at C$17.60, with a volume of 10,005 shares trading hands.
Pinetree Capital Stock Down 2.1%
The company has a market capitalization of C$164.55 million, a P/E ratio of 8.69 and a beta of 0.60. The company's 50-day simple moving average is C$18.85 and its 200 day simple moving average is C$14.86.
Insider Buying and Selling
In other news, insider L6 Holdings Inc. sold 14,900 shares of the stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of C$23.47, for a total value of C$349,703.00. In the last three months, insiders sold 52,300 shares of company stock valued at $964,380. Company insiders own 43.35% of the company's stock.
About Pinetree Capital
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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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