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Pine Cliff Energy Ltd. (TSE:PNE) Announces $0.01 Monthly Dividend

Pine Cliff Energy logo with Energy background

Pine Cliff Energy Ltd. (TSE:PNE - Get Free Report) announced a monthly dividend on Wednesday, January 15th,TickerTech Dividends reports. Stockholders of record on Friday, January 31st will be paid a dividend of 0.005 per share on Friday, January 31st. This represents a $0.06 annualized dividend and a dividend yield of 6.38%. The ex-dividend date is Wednesday, January 15th.

Pine Cliff Energy Price Performance

Shares of PNE traded up C$0.01 during mid-day trading on Monday, hitting C$0.94. 264,959 shares of the stock were exchanged, compared to its average volume of 312,346. The company has a market cap of C$336.43 million, a PE ratio of -94.00 and a beta of 0.37. Pine Cliff Energy has a 52-week low of C$0.75 and a 52-week high of C$1.48. The firm has a 50-day moving average of C$0.87 and a two-hundred day moving average of C$0.93. The company has a debt-to-equity ratio of 81.31, a quick ratio of 1.48 and a current ratio of 0.50.

Insider Transactions at Pine Cliff Energy

In related news, Director Robert Brent Fryk purchased 68,500 shares of the firm's stock in a transaction that occurred on Tuesday, December 24th. The shares were bought at an average price of C$0.80 per share, for a total transaction of C$54,731.50. Insiders have bought 103,500 shares of company stock valued at $83,967 in the last ninety days. Corporate insiders own 10.97% of the company's stock.

Pine Cliff Energy Company Profile

(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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Dividend History for Pine Cliff Energy (TSE:PNE)

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