Pinetree Capital (TSE:PNP) Shares Cross Above 50-Day Moving Average – Should You Sell?

Pinetree Capital Ltd. (TSE:PNP) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$11.57 and traded as high as C$12.43. Pinetree Capital shares last traded at C$12.32, with a volume of 6,842 shares.

Pinetree Capital Stock Performance

The stock’s 50-day simple moving average is C$11.57 and its 200 day simple moving average is C$9.27. The company has a market capitalization of C$115.68 million, a PE ratio of 8.68 and a beta of 0.60. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.97 and a current ratio of 8.14.

Insider Buying and Selling

In other Pinetree Capital news, insider L6 Holdings Inc. sold 3,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of C$10.10, for a total value of C$30,300.00. Over the last quarter, insiders sold 21,876 shares of company stock worth $251,630. Corporate insiders own 43.35% of the company’s stock.

About Pinetree Capital

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.