Pinetree Capital (TSE:PNP) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Pinetree Capital Ltd. (TSE:PNPGet Free Report)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$11.51 and traded as low as C$10.88. Pinetree Capital shares last traded at C$10.95, with a volume of 3,274 shares trading hands.

Pinetree Capital Price Performance

The firm’s 50 day moving average price is C$11.51 and its 200-day moving average price is C$12.99. The stock has a market cap of C$102.79 million, a P/E ratio of 3.63 and a beta of 0.67.

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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