Pinetree Capital (TSE:PNP) Shares Cross Above 50-Day Moving Average – Time to Sell?

Pinetree Capital Ltd. (TSE:PNPGet Free Report) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$10.74 and traded as high as C$12.51. Pinetree Capital shares last traded at C$11.21, with a volume of 6,188 shares traded.

Pinetree Capital Price Performance

The stock has a market capitalization of C$107.99 million, a price-to-earnings ratio of 8.10 and a beta of 0.60. The company has a 50-day moving average of C$10.84 and a 200-day moving average of C$8.31. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.97 and a current ratio of 8.14.

Insider Buying and Selling

In other Pinetree Capital news, insider L6 Holdings Inc. sold 3,076 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$15.12, for a total value of C$46,506.04. In the last quarter, insiders sold 21,876 shares of company stock worth $251,630. 43.35% of the stock is owned by corporate insiders.

About Pinetree Capital

(Get Free Report)

Pinetree Capital Ltd. is a venture capital and private equity firm specializing in early, later stage venture, middle market, mature, later stage, turnaround and growth capital investments in micro and small cap companies. The firm prefers to invest in enterprise software, financial and healthcare industries.

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