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Pinetree Capital ( (TSE:PNP) ) just unveiled an update.
Pinetree Capital Ltd., a company listed on the Toronto Stock Exchange under the symbol PNP, has reported its audited financial results for the year ending December 31, 2024. The company saw a significant increase in its book value per share, rising from $4.83 in 2023 to $8.28 in 2024, marking a 71% increase. This growth was primarily driven by an increase in equity investments at fair value, which represented 94% of the book value by the end of 2024. The company’s total assets increased to $78,270, while total liabilities remained low at $571. Expenses for the year were $939, accounting for 1.2% of the book value, which is a decrease from the previous year’s 1.9%. This financial performance reflects a strong year for Pinetree Capital, with substantial growth in equity investments and improved efficiency in managing expenses.
More about Pinetree Capital
YTD Price Performance: -0.34%
Average Trading Volume: 13,890
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$111.2M
For detailed information about PNP stock, go to TipRanks’ Stock Analysis page.
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