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Pinetree Capital (TSE:PNP) Stock Price Crosses Below 50 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 Monday . The stock has a 50 day moving average of C$18.28 and traded as low as C$18.09. Pinetree Capital shares last traded at C$18.50, with a volume of 21,798 shares.

Pinetree Capital Stock Down 2.7%

The firm has a market cap of C$168.97 million, a P/E ratio of 8.92 and a beta of 0.60. The business's 50 day moving average is C$18.28 and its two-hundred day moving average is C$14.49.

Insiders Place Their Bets

In other Pinetree Capital news, insider L6 Holdings Inc. sold 11,000 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of C$13.95, for a total transaction of C$153,450.00. In the last ninety days, insiders sold 66,300 shares of company stock worth $1,160,610. Company 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.

See Also

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