Pine Cliff Energy (TSE:PNE) Sets New 52-Week Low - Should You Sell?

Pine Cliff Energy Ltd. (TSE:PNE - Get Free Report)'s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as C$0.79 and last traded at C$0.80, with a volume of 225161 shares traded. The stock had previously closed at C$0.80.

Pine Cliff Energy Price Performance

The firm has a market cap of C$279.16 million, a PE ratio of -78.00 and a beta of 0.37. The company has a 50 day moving average price of C$0.89 and a 200 day moving average price of C$0.94. The company has a current ratio of 0.50, a quick ratio of 1.48 and a debt-to-equity ratio of 81.31.

Pine Cliff Energy Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be issued a $0.005 dividend. This represents a $0.06 annualized dividend and a yield of 7.69%. The ex-dividend date of this dividend is Monday, December 16th. Pine Cliff Energy's dividend payout ratio (DPR) is -600.00%.

Pine Cliff Energy Company Profile

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.