Pinetree Capital (TSE:PNP) Shares Pass Above Fifty Day Moving Average – Should You Sell?

Pinetree Capital Ltd. (TSE:PNP) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$9.06 and traded as high as C$9.69. Pinetree Capital shares last traded at C$9.69, with a volume of 2,800 shares changing hands.

Pinetree Capital Stock Down 4.0%

The stock has a 50-day moving average of C$9.07 and a 200-day moving average of C$9.40. The company has a market cap of C$82.89 million, a PE ratio of -4.18 and a beta of 0.91. The company has a quick ratio of 5.97, a current ratio of 15.62 and a debt-to-equity ratio of 0.26.

Pinetree Capital (TSE:PNP) last issued its quarterly earnings results on Thursday, April 30th. The company reported C($2.02) earnings per share (EPS) for the quarter. Pinetree Capital had a negative net margin of 355.44% and a negative return on equity of 23.88%. The business had revenue of C($18.48) million for the quarter.

Insider Activity

In other news, insider L6 Holdings Inc. bought 21,300 shares of the stock in a transaction dated Monday, May 25th. The stock was bought at an average price of C$8.75 per share, for a total transaction of C$186,375.00. Following the purchase, the insider directly owned 3,215,700 shares in the company, valued at C$28,137,375. This trade represents a 0.67% increase in their position. Insiders have bought a total of 44,600 shares of company stock worth $389,499 in the last 90 days. 43.35% of the stock is owned by insiders.

About Pinetree Capital

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.