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

Key Points

• Pinetree Capital Ltd. (TSE:PNP) saw its stock price drop below its 50-day moving average of C$17.14, reaching a low of C$15.00 during trading, and last traded at C$15.09.
• The company has a market capitalization of C$141.65 million and a price-to-earnings ratio of 7.48, indicating relatively low valuation metrics.
• Insiders, specifically L6 Holdings Inc., sold 14,900 shares recently, contributing to a total of 28,200 shares sold worth C$623,319 over the last three months, and insiders hold 43.35% of the company's stock.

Pinetree Capital Ltd. (TSE:PNP - )'s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$17.14 and traded as low as C$15.00. Pinetree Capital shares last traded at C$15.09, with a volume of 11,006 shares.

Pinetree Capital Price Performance

The firm's fifty day moving average price is C$17.14 and its 200-day moving average price is C$16.04. The company has a market capitalization of C$141.65 million, a price-to-earnings ratio of 7.48 and a beta of 0.60.

Insider Activity

In other news, insider L6 Holdings Inc. sold 14,900 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of C$23.47, for a total transaction of C$349,703.00. Insiders have sold 28,200 shares of company stock worth $623,319 in the last three months. 43.35% of the stock is currently owned by corporate insiders.

Pinetree Capital Company Profile

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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