Pine Cliff Energy (TSE:PNE) Share Price Passes Below 50-Day Moving Average - What's Next?

Pine Cliff Energy Ltd. (TSE:PNE - Get Free Report) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$0.90 and traded as low as C$0.90. Pine Cliff Energy shares last traded at C$0.90, with a volume of 146,212 shares.

Pine Cliff Energy Stock Down 1.1 %

The business has a fifty day moving average of C$0.90 and a 200 day moving average of C$0.92. The company has a debt-to-equity ratio of 81.31, a current ratio of 0.50 and a quick ratio of 1.48. The stock has a market capitalization of C$314.95 million, a price-to-earnings ratio of -88.00 and a beta of 0.37.

Pine Cliff Energy Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were given a dividend of $0.005 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 6.82%. The ex-dividend date was Wednesday, January 15th. Pine Cliff Energy's payout ratio is -600.00%.

Insider Activity at Pine Cliff Energy

In other news, Director Robert Brent Fryk purchased 68,500 shares of the stock in a transaction dated 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. In the last ninety days, insiders have purchased 103,500 shares of company stock worth $83,967. Company insiders own 10.97% of the company's stock.

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.