Pine Cliff Energy (TSE:PNE) Stock Passes Below 50 Day Moving Average - Should You Sell?

Pine Cliff Energy Ltd. (TSE:PNE - Get Free Report)'s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.89 and traded as low as C$0.80. Pine Cliff Energy shares last traded at C$0.80, with a volume of 98,600 shares changing hands.

Pine Cliff Energy Stock Performance

The stock has a market capitalization of C$282.51 million, a price-to-earnings ratio of -18.83 and a beta of 0.37. The company has a debt-to-equity ratio of 76.74, a current ratio of 0.47 and a quick ratio of 1.48. The stock has a 50-day moving average of C$0.89 and a 200 day moving average of C$0.91.

Pine Cliff Energy Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 28th were issued a $0.005 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.06 dividend on an annualized basis and a yield of 7.69%. Pine Cliff Energy's dividend payout ratio is presently -144.83%.

Insider Transactions at Pine Cliff Energy

In other Pine Cliff Energy news, Director Robert Brent Fryk purchased 68,500 shares of the stock in a transaction on Tuesday, December 24th. The stock was bought 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 purchased 93,500 shares of company stock worth $74,832. 10.97% of the stock is currently owned by company insiders.

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.