Pinetree Capital (TSE:PNP) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Pinetree Capital Ltd. (TSE:PNP) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$9.32 and traded as low as C$9.06. Pinetree Capital shares last traded at C$9.07, with a volume of 9,334 shares.

Pinetree Capital Stock Down 4.7%

The firm has a market cap of C$85.14 million, a P/E ratio of -4.30 and a beta of 0.91. The firm’s fifty day moving average is C$9.12 and its 200 day moving average is C$9.32. The company has a debt-to-equity ratio of 0.26, a quick ratio of 5.97 and a current ratio of 15.62.

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

Insider Activity at Pinetree Capital

In other news, insider L6 Holdings Inc. bought 21,300 shares of the firm’s stock in a transaction dated Monday, May 25th. The shares were bought at an average price of C$8.75 per share, with a total value of C$186,375.00. Following the completion of the transaction, the insider owned 3,215,700 shares of the company’s stock, valued at C$28,137,375. This trade represents a 0.67% increase in their ownership of the stock. Insiders purchased a total of 44,600 shares of company stock valued at $389,499 over the last 90 days. 43.35% of the stock is currently owned by corporate insiders.

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.