Insider Sells Shares in Pinetree Capital Ltd.

Pinetree Capital Ltd. (TSE:PNP) experienced a notable insider transaction recently when L6 Holdings Inc. sold 3,000 shares of the company's stock. This transaction took place on Wednesday, March 19th, at an average selling price of C$14.26. The total value of the stock sold amounted to C$42,780.00.

L6 Holdings Inc. has been active in trading Pinetree Capital shares, having also sold 3,000 shares on a previous occasion on December 20th, at a lower average price of C$10.13, totaling C$30,384.00.

Recent Stock Performance

As of midday trading on Wednesday, shares of Pinetree Capital rose by 0.5%, increasing by C$0.07 to reach C$14.54. During this trading period, a total of 4,785 shares exchanged hands, compared to the company's average trading volume of 11,131 shares. Pinetree Capital boasts a market capitalization of C$136.49 million, a price-to-earnings ratio of 7.21, and a beta of 0.60, reflecting relatively low volatility. The stock's 50-day simple moving average stands at C$12.82, while the 200-day average is C$10.41. Over the past year, the stock hit a low of C$5.41 and a high of C$15.43.

About Pinetree Capital

Pinetree Capital Ltd. operates as an investment and merchant banking entity focusing on making early-stage investments in the small-cap market, particularly in resource and technology sectors. It mainly operates within Canada and has a diversified investment portfolio that includes investments, cash, cash equivalents, and cash due from brokers.

Investment Considerations

Market analysts currently rate Pinetree Capital with a Hold position, indicating that while the stock is stable, there are potentially more attractive investment opportunities available in the market. It’s advised for investors to carefully assess these options.

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