Key Points
- Insider buying: Shezad Kassam Okhai purchased 4,500 Pinetree Capital shares for C$43,020 at an average price of C$9.56, increasing his holdings by 0.91% to 499,100 shares. He also bought 2,500 shares earlier in the same week.
- Stock performance: Pinetree opened at C$9.20, near its 50-day moving average of C$9.19 and 200-day moving average of C$9.25. The stock has traded between C$7.61 and C$15.07 over the past year.
- Weak financial results: The company reported a quarterly loss of C$2.02 per share on C$18.48 million in revenue, alongside a negative 81.12% net margin and 5.04% return on equity.
Pinetree Capital Ltd. (TSE:PNP - Get Free Report) insider Shezad Kassam Okhai bought 2,100 shares of Pinetree Capital stock in a transaction that occurred on Tuesday, August 4th. The stock was bought at an average price of C$9.27 per share, with a total value of C$19,467.00. Following the completion of the acquisition, the insider owned 494,200 shares in the company, valued at approximately C$4,581,234. The trade was a 0.43% increase in their position.
Shezad Kassam Okhai also recently made the following trade(s):
- On Wednesday, August 5th, Shezad Kassam Okhai bought 400 shares of Pinetree Capital stock. The shares were bought at an average cost of C$9.32 per share, with a total value of C$3,728.00.
- On Friday, August 7th, Shezad Kassam Okhai purchased 4,500 shares of Pinetree Capital stock. The shares were bought at an average price of C$9.56 per share, for a total transaction of C$43,020.00.
Pinetree Capital Trading Down 4.0%
TSE:PNP opened at C$9.20 on Friday. Pinetree Capital Ltd. has a 12 month low of C$7.61 and a 12 month high of C$15.07. The firm has a market cap of C$86.36 million, a price-to-earnings ratio of -20.44 and a beta of 0.93. The company has a quick ratio of 5.97, a current ratio of 0.10 and a debt-to-equity ratio of 15.62. The company's 50 day moving average is C$9.19 and its 200-day moving average is C$9.25.
Pinetree Capital (TSE:PNP - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The company reported C($2.02) earnings per share (EPS) for the quarter. Pinetree Capital had a negative return on equity of 5.04% and a negative net margin of 81.12%.The firm had revenue of C($18.48) million for the quarter.
Pinetree Capital Company Profile
(
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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