Pine Cliff Energy Ltd. (TSE:PNE – Get Free Report)’s stock price reached a new 52-week low on Thursday . The stock traded as low as C$0.79 and last traded at C$0.80, with a volume of 225161 shares changing hands. The stock had previously closed at C$0.80.
Pine Cliff Energy Trading Up 2.6 %
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 cap of C$286.32 million, a P/E ratio of -80.00 and a beta of 0.37. The stock has a 50-day moving average price of C$0.88 and a 200-day moving average price of C$0.94.
Pine Cliff Energy Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.005 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.06 annualized dividend and a yield of 7.50%. Pine Cliff Energy’s payout ratio is presently -600.00%.
About Pine Cliff Energy
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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