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

Pine Cliff Energy Ltd. (TSE:PNE) declared a monthly dividend on Monday, December 16th,TickerTech Dividends reports. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.005 per share on Tuesday, December 31st. This represents a $0.06 dividend on an annualized basis and a yield of 6.98%. The ex-dividend date is Monday, December 16th.

Pine Cliff Energy Stock Performance

Shares of PNE stock remained flat at C$0.86 during trading hours on Friday. The stock had a trading volume of 64,810 shares, compared to its average volume of 241,381. Pine Cliff Energy has a 1-year low of C$0.79 and a 1-year high of C$1.48. 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 firm has a market cap of C$307.79 million, a P/E ratio of -86.00 and a beta of 0.37. The stock has a 50-day simple moving average of C$0.90 and a two-hundred day simple moving average of C$0.95.

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.