Shares of Pinetree Capital Ltd. (TSE:PNP – Get Free Report) crossed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of C$9.52 and traded as low as C$9.42. Pinetree Capital shares last traded at C$9.42, with a volume of 601 shares.
Pinetree Capital Stock Performance
The stock has a 50-day simple moving average of C$9.51 and a 200 day simple moving average of C$9.22. The company has a debt-to-equity ratio of 15.62, a current ratio of 0.10 and a quick ratio of 5.97. The company has a market capitalization of C$88.61 million, a PE ratio of -20.98 and a beta of 1.03.
Insider Activity at Pinetree Capital
In other Pinetree Capital news, insider Shezad Kassam Okhai acquired 4,000 shares of the stock in a transaction that occurred on Wednesday, September 16th. The shares were purchased at an average cost of C$9.36 per share, with a total value of C$37,440.00. Following the purchase, the insider owned 510,200 shares in the company, valued at approximately C$4,775,472. The trade was a 0.79% increase in their ownership of the stock. In the last 90 days, insiders have bought 12,600 shares of company stock valued at $118,777. 43.35% of the stock is owned by insiders.
About Pinetree Capital
Pinetree is a value-oriented investment and merchant banking company focused on the technology sector. Pinetree’s common shares are listed on the TSX under the symbol ‘PNP’.
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