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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) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$18.59 and traded as low as C$16.54. Pinetree Capital shares last traded at C$16.95, with a volume of 4,007 shares.

Pinetree Capital Price Performance

The firm has a fifty day moving average price of C$18.50 and a two-hundred day moving average price of C$15.59. The stock has a market capitalization of C$154.13 million, a PE ratio of 8.14 and a beta of 0.60.

Insider Buying and Selling at Pinetree Capital

In other Pinetree Capital news, insider L6 Holdings Inc. sold 12,400 shares of the firm's stock in a transaction on 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 valued at $623,319 in the last quarter. Corporate insiders own 43.35% of the company's stock.

Pinetree Capital Company Profile

(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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