Pinetree Capital (TSE:PNP) Insider Shezad Kassam Okhai Acquires 2,100 Shares

Pinetree Capital Ltd. (TSE:PNP) insider Shezad Kassam Okhai bought 2,100 shares of the stock in a transaction on Tuesday, August 4th. The stock was purchased at an average cost of C$9.27 per share, for a total transaction of C$19,467.00. Following the acquisition, the insider directly owned 494,200 shares of the company’s stock, valued at C$4,581,234. The trade was a 0.43% increase in their position.

Shezad Kassam Okhai also recently made the following trade(s):

• On Wednesday, August 5th, Shezad Kassam Okhai acquired 400 shares of Pinetree Capital stock. The stock was acquired at an average price of C$9.32 per share, for a total transaction of C$3,728.00.
• On Friday, August 7th, Shezad Kassam Okhai acquired 4,500 shares of Pinetree Capital stock. The stock was acquired at an average cost of C$9.56 per share, for a total transaction of C$43,020.00.

Pinetree Capital Price Performance

TSE:PNP traded down C$0.33 during mid-day trading on Friday, hitting C$9.25. 9,101 shares of the company’s stock traded hands, compared to its average volume of 5,296. The company has a debt-to-equity ratio of 15.62, a quick ratio of 5.97 and a current ratio of 0.10. The firm’s 50 day simple moving average is C$9.18 and its 200 day simple moving average is C$9.25. Pinetree Capital Ltd. has a 1 year low of C$7.61 and a 1 year high of C$15.07. The company has a market cap of C$86.83 million, a PE ratio of -20.56 and a beta of 0.93.

Pinetree Capital (TSE:PNP) last announced its quarterly earnings results on Thursday, April 30th. The company reported C($2.02) earnings per share (EPS) for the quarter. The business had revenue of C($18.48) million during the quarter. Pinetree Capital had a negative net margin of 81.12% and a negative return on equity of 5.04%.

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.