Pine Cliff Energy Ltd. (TSE:PNE) Announces $0.01 Monthly Dividend

Pine Cliff Energy Ltd. (TSE:PNE - Get Free Report) announced a monthly dividend on Wednesday, October 2nd, Zacks reports. Shareholders of record on Tuesday, October 15th will be given a dividend of 0.005 per share on Thursday, October 31st. This represents a $0.06 annualized dividend and a yield of 5.66%. The ex-dividend date of this dividend is Tuesday, October 15th.

Pine Cliff Energy Stock Performance

TSE:PNE traded up C$0.06 during mid-day trading on Friday, hitting C$1.06. The company's stock had a trading volume of 431,538 shares, compared to its average volume of 262,253. Pine Cliff Energy has a 1 year low of C$0.85 and a 1 year high of C$1.68. 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 cap of C$379.37 million, a price-to-earnings ratio of -104.00 and a beta of 0.37. The business's fifty day moving average is C$0.94 and its two-hundred day moving average is C$0.99.

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

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.