Pinetree Capital Ltd. (TSE:PNP - Get Free Report) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$17.75 and traded as low as C$15.25. Pinetree Capital shares last traded at C$15.25, with a volume of 10,522 shares.
Pinetree Capital Stock Performance
The company's 50-day moving average price is C$17.51 and its 200 day moving average price is C$16.02. The stock has a market cap of C$147.19 million, a PE ratio of 7.77 and a beta of 0.60.
Insiders Place Their Bets
In related news, insider L6 Holdings Inc. sold 12,400 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of C$20.49, for a total value of C$254,076.00. Over the last quarter, insiders have sold 28,200 shares of company stock worth $623,319. 43.35% of the stock is owned by corporate insiders.
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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