Pinetree Capital (TSE:PNP) Stock Crosses Above Fifty Day Moving Average – Should You Sell?

Pinetree Capital Ltd. (TSE:PNP)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$11.95 and traded as high as C$14.42. Pinetree Capital shares last traded at C$14.20, with a volume of 19,128 shares traded.

Pinetree Capital Price Performance

The firm has a market capitalization of C$133.30 million, a PE ratio of 7.04 and a beta of 0.60. The company’s fifty day simple moving average is C$12.04 and its 200-day simple moving average is C$9.78.

Insider Buying and Selling at Pinetree Capital

In related news, insider L6 Holdings Inc. sold 3,076 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of C$15.12, for a total value of C$46,506.04. Over the last ninety days, insiders sold 21,876 shares of company stock valued at $251,630. 43.35% of the stock is owned by company insiders.

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.