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Insider Buying: Pine Cliff Energy Ltd. (TSE:PNE) Director Purchases 68,500 Shares of Stock

Pine Cliff Energy logo with Energy background

Pine Cliff Energy Ltd. (TSE:PNE - Get Free Report) Director Robert Brent Fryk bought 68,500 shares of the company's stock in a transaction that occurred on Tuesday, December 24th. The stock was acquired at an average cost of C$0.80 per share, for a total transaction of C$54,731.50.

Robert Brent Fryk also recently made the following trade(s):

  • On Wednesday, November 20th, Robert Brent Fryk sold 29,500 shares of Pine Cliff Energy stock. The stock was sold at an average price of C$0.81, for a total value of C$23,895.00.

Pine Cliff Energy Stock Performance

TSE PNE traded up C$0.02 during trading hours on Friday, hitting C$0.91. The company had a trading volume of 359,635 shares, compared to its average volume of 243,128. The business has a 50 day moving average of C$0.87 and a 200-day moving average of C$0.94. The company has a debt-to-equity ratio of 81.31, a quick ratio of 1.48 and a current ratio of 0.50. Pine Cliff Energy Ltd. has a 1-year low of C$0.75 and a 1-year high of C$1.48. The company has a market cap of C$325.69 million, a PE ratio of -91.00 and a beta of 0.37.

Pine Cliff Energy Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be issued a $0.005 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 6.59%. Pine Cliff Energy's payout ratio is -600.00%.

About Pine Cliff Energy

(Get Free Report)

Pine Cliff Energy Ltd. engages in the acquisition, exploration, development, and production of natural gas and crude oil in the Western Canadian Sedimentary Basin. The company primarily holds interest in oil and gas properties in the Viking and Ghost Pine area of Central Alberta, as well as in the Southern Alberta, Southern Saskatchewan, and Edson areas.

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Insider Buying and Selling by Quarter for Pine Cliff Energy (TSE:PNE)

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