Pine Cliff Energy Ltd. (TSE:PNE - Get Free Report)'s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.89 and traded as low as C$0.86. Pine Cliff Energy shares last traded at C$0.86, with a volume of 90,329 shares changing hands.
Pine Cliff Energy Price Performance
The company has a debt-to-equity ratio of 76.74, a quick ratio of 1.48 and a current ratio of 0.47. The business has a 50-day simple moving average of C$0.89 and a 200 day simple moving average of C$0.91. The firm has a market cap of C$304.24 million, a P/E ratio of -20.28 and a beta of 0.37.
Pine Cliff Energy Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 28th will be issued a dividend of $0.005 per share. The ex-dividend date is Friday, February 14th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 7.14%. Pine Cliff Energy's dividend payout ratio is presently -144.83%.
Insider Activity 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 stock was bought at an average cost of C$0.80 per share, with a total value of C$54,731.50. Insiders have purchased a total of 93,500 shares of company stock worth $74,832 over the last quarter. Corporate insiders own 10.97% of the company's stock.
About Pine Cliff Energy
(
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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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