Pine Cliff Energy Ltd. (TSE:PNE - Get Free Report)'s share price hit a new 52-week low during trading on Tuesday . The company traded as low as C$0.75 and last traded at C$0.76, with a volume of 177192 shares changing hands. The stock had previously closed at C$0.78.
Pine Cliff Energy Stock Performance
The stock has a fifty day moving average of C$0.88 and a 200-day moving average of C$0.90. The firm has a market capitalization of C$275.26 million, a P/E ratio of -18.35 and a beta of 0.37. The company has a quick ratio of 1.48, a current ratio of 0.47 and a debt-to-equity ratio of 76.74.
Pine Cliff Energy Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be paid a $0.005 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.06 annualized dividend and a yield of 7.89%. Pine Cliff Energy's payout ratio is currently -144.83%.
Insider Transactions at Pine Cliff Energy
In related news, Director Robert Brent Fryk acquired 68,500 shares of the business's stock in a transaction dated Tuesday, December 24th. The stock was bought at an average price of C$0.80 per share, with a total value of C$54,731.50. Insiders acquired a total of 88,500 shares of company stock worth $70,432 in the last three months. Insiders own 10.97% of the company's stock.
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Pine Cliff Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pine Cliff Energy wasn't on the list.
While Pine Cliff Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
