Pinetree Capital (TSE:PNP) Stock Passes Below 200 Day Moving Average – Here’s Why

Shares of Pinetree Capital Ltd. (TSE:PNP) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$9.32 and traded as low as C$9.06. Pinetree Capital shares last traded at C$9.07, with a volume of 9,334 shares changing hands.

Pinetree Capital Stock Performance

The firm’s fifty day simple moving average is C$9.13 and its 200 day simple moving average is C$9.31. The company has a market capitalization of C$84.48 million, a price-to-earnings ratio of -4.27 and a beta of 0.91. The company has a debt-to-equity ratio of 0.26, a current ratio of 15.62 and a quick ratio of 5.97.

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

Insider Transactions at Pinetree Capital

In other news, insider L6 Holdings Inc. bought 21,300 shares of the business’s stock in a transaction on Monday, May 25th. The shares were bought at an average cost of C$8.75 per share, with a total value 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 ownership of the stock. Over the last 90 days, insiders have acquired 44,600 shares of company stock worth $389,499. 43.35% of the stock is owned by 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.