Pinetree Capital (TSE:PNP) Reaches New 12-Month Low – What’s Next?

Pinetree Capital Ltd. (TSE:PNPGet Free Report) reached a new 52-week low during trading on Tuesday . The stock traded as low as C$8.16 and last traded at C$8.42, with a volume of 2636 shares changing hands. The stock had previously closed at C$8.50.

Pinetree Capital Price Performance

The stock has a market cap of C$79.32 million, a P/E ratio of 8.05 and a beta of 0.74. The company has a quick ratio of 5.97, a current ratio of 63.66 and a debt-to-equity ratio of 0.21. The business’s 50-day simple moving average is C$9.56 and its two-hundred day simple moving average is C$10.97.

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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