Pinetree Capital (TSE:PNP) Sets New 1-Year High – Here’s Why

Pinetree Capital Ltd. (TSE:PNPGet Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as C$15.48 and last traded at C$15.41, with a volume of 13810 shares trading hands. The stock had previously closed at C$15.00.

Pinetree Capital Trading Up 6.0 %

The stock’s 50-day moving average price is C$13.35 and its two-hundred day moving average price is C$10.97. The stock has a market capitalization of C$154.23 million, a P/E ratio of 8.14 and a beta of 0.60.

Insider Buying and Selling at Pinetree Capital

In other Pinetree Capital news, insider L6 Holdings Inc. sold 11,000 shares of the company’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of C$13.95, for a total transaction of C$153,450.00. Over the last ninety days, insiders sold 38,100 shares of company stock valued at $537,291. Company insiders own 43.35% of the company’s stock.

About Pinetree Capital

(Get Free Report)

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.

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