Pinetree Capital (TSE:PNP) Share Price Passes Below 200 Day Moving Average – Should You Sell?

Pinetree Capital Ltd. (TSE:PNP)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$9.90 and traded as low as C$8.90. Pinetree Capital shares last traded at C$9.00, with a volume of 17,091 shares trading hands.

Pinetree Capital Stock Up 0.2%

The company’s 50 day moving average price is C$8.95 and its two-hundred day moving average price is C$9.90. The company has a quick ratio of 5.97, a current ratio of 15.62 and a debt-to-equity ratio of 0.26. The stock has a market cap of C$84.48 million, a P/E ratio of -4.27 and a beta of 0.93.

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

Insider Buying and Selling at Pinetree Capital

In related news, insider L6 Holdings Inc. purchased 21,300 shares of the firm’s stock in a transaction dated Monday, May 25th. The stock was purchased at an average price of C$8.75 per share, with a total value of C$186,375.00. Following the completion of the purchase, the insider owned 3,215,700 shares of the company’s stock, valued at approximately C$28,137,375. The trade was a 0.67% increase in their position. Insiders have purchased a total of 43,600 shares of company stock worth $380,449 over the last ninety days. Insiders own 43.35% of the company’s stock.

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.