Pinetree Capital (TSE:PNP) Share Price Crosses Below 50 Day Moving Average – Should You Sell?
by Sarita Garza · The Markets DailyPinetree Capital Ltd. (TSE:PNP – Get Free Report) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$11.59 and traded as low as C$11.24. Pinetree Capital shares last traded at C$11.30, with a volume of 3,201 shares changing hands.
Pinetree Capital Trading Up 0.1%
The stock has a market capitalization of C$106.07 million, a P/E ratio of 3.74 and a beta of 0.32. The company has a 50-day moving average price of C$11.59 and a 200 day moving average price of C$13.60.
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.