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Pine Cliff Energy (TSE:PNE) Share Price Passes Above Fifty Day Moving Average - Should You Sell?

Pine Cliff Energy logo with Energy background

Pine Cliff Energy Ltd. (TSE:PNE - Get Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.96 and traded as high as C$0.96. Pine Cliff Energy shares last traded at C$0.94, with a volume of 61,205 shares trading hands.

Pine Cliff Energy Stock Performance

The company has a 50 day moving average of C$0.96 and a 200 day moving average of C$0.98. The company has a debt-to-equity ratio of 81.31, a quick ratio of 1.48 and a current ratio of 0.50. The stock has a market capitalization of C$336.43 million, a price-to-earnings ratio of -94.00 and a beta of 0.37.

Pine Cliff Energy (TSE:PNE - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported C($0.01) EPS for the quarter. Pine Cliff Energy had a negative net margin of 2.14% and a negative return on equity of 4.03%. The firm had revenue of C$46.61 million during the quarter. On average, research analysts predict that Pine Cliff Energy Ltd. will post 0.0099907 EPS for the current fiscal year.

Pine Cliff Energy Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be paid a $0.005 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 6.38%. The ex-dividend date is Tuesday, October 15th. Pine Cliff Energy's dividend payout ratio (DPR) is presently -600.00%.

About Pine Cliff Energy

(Get Free Report)

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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