Pinetree Capital (TSE:PNP) Stock Price Passes Above 50 Day Moving Average – Time to Sell?

Pinetree Capital Ltd. (TSE:PNPGet Free Report)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$12.82 and traded as high as C$14.47. Pinetree Capital shares last traded at C$14.47, with a volume of 5,372 shares traded.

Pinetree Capital Stock Up 1.2 %

The firm has a market capitalization of C$135.83 million, a price-to-earnings ratio of 7.17 and a beta of 0.60. The stock has a 50 day moving average of C$12.82 and a 200 day moving average of C$10.41.

Insider Buying and Selling

In other Pinetree Capital news, insider L6 Holdings Inc. sold 3,000 shares of Pinetree Capital stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of C$10.13, for a total value of C$30,384.00. 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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