Pine Cliff Energy (TSE:PNE) Shares Down 2.2% - Here's What Happened

Pine Cliff Energy Ltd. (TSE:PNE - Get Free Report)'s stock price was down 2.2% during trading on Wednesday . The stock traded as low as C$0.86 and last traded at C$0.87. Approximately 92,581 shares were traded during trading, a decline of 62% from the average daily volume of 242,920 shares. The stock had previously closed at C$0.89.

Pine Cliff Energy Price Performance

The company has a market cap of C$307.79 million, a P/E ratio of -86.00 and a beta of 0.37. The company has a fifty day moving average price of C$0.90 and a two-hundred day moving average price of C$0.95. The company has a debt-to-equity ratio of 81.31, a quick ratio of 1.48 and a current ratio of 0.50.

Pine Cliff Energy Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 29th were given a $0.005 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 6.98%. The ex-dividend date was Friday, November 15th. Pine Cliff Energy's dividend payout ratio (DPR) is presently -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.