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

Pinetree Capital Ltd. (TSE:PNP) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$10.42 and traded as high as C$11.27. Pinetree Capital shares last traded at C$11.00, with a volume of 5,286 shares trading hands.

Pinetree Capital Stock Performance

The firm has a market capitalization of C$113.53 million, a PE ratio of 8.51 and a beta of 0.60. The company has a debt-to-equity ratio of 0.35, a current ratio of 8.14 and a quick ratio of 5.97. The business has a 50-day simple moving average of C$10.50 and a 200-day simple moving average of C$8.08.

Insiders Place Their Bets

In other news, insider L6 Holdings Inc. sold 3,000 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of C$10.13, for a total transaction of C$30,384.00. Insiders have sold a total of 21,876 shares of company stock worth $251,630 over the last quarter. Company insiders own 43.35% of the company’s stock.

About Pinetree Capital

Pinetree Capital Ltd. is a venture capital and private equity firm specializing in early, later stage venture, middle market, mature, later stage, turnaround and growth capital investments in micro and small cap companies. The firm prefers to invest in enterprise software, financial and healthcare industries.