Pine Cliff Energy Ltd. (TSE:PNE - Get Free Report) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.87 and traded as high as C$0.89. Pine Cliff Energy shares last traded at C$0.89, with a volume of 213,410 shares changing hands.
Pine Cliff Energy Stock Performance
The company has a current ratio of 0.50, a quick ratio of 1.48 and a debt-to-equity ratio of 81.31. The company has a market capitalization of C$325.69 million, a PE ratio of -91.00 and a beta of 0.37. The firm's 50-day simple moving average is C$0.87 and its 200-day simple moving average is C$0.94.
Pine Cliff Energy Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be paid a $0.005 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.06 annualized dividend and a yield of 6.59%. Pine Cliff Energy's dividend payout ratio (DPR) is currently -600.00%.
Insiders Place Their Bets
In other Pine Cliff Energy news, Director Robert Brent Fryk purchased 68,500 shares of the stock in a transaction dated Tuesday, December 24th. The stock was purchased at an average price of C$0.80 per share, with a total value of C$54,731.50. In the last ninety days, insiders bought 103,500 shares of company stock worth $83,967. 10.97% of the stock is currently owned by company insiders.
Pine Cliff Energy Company Profile
(
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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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