Pine Cliff Energy Ltd. (TSE:PNE) Director Acquires C$54,731.50 in Stock

Pine Cliff Energy Ltd. (TSE:PNE) Director Robert Brent Fryk purchased 68,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 24th. The stock was acquired at an average price of C$0.80 per share, for a total transaction of C$54,731.50.

Robert Brent Fryk also recently made the following trade(s):

• On Wednesday, November 20th, Robert Brent Fryk sold 29,500 shares of Pine Cliff Energy stock. The shares were sold at an average price of C$0.81, for a total value of C$23,895.00.

Pine Cliff Energy Stock Performance

TSE:PNE opened at C$0.91 on Monday. The firm’s fifty day simple moving average is C$0.87 and its 200-day simple moving average is C$0.93. The company has a quick ratio of 1.48, a current ratio of 0.50 and a debt-to-equity ratio of 81.31. The stock has a market cap of C$325.69 million, a PE ratio of -91.00 and a beta of 0.37. Pine Cliff Energy Ltd. has a fifty-two week low of C$0.75 and a fifty-two week high of C$1.48.

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 is Monday, December 16th. This represents a $0.06 annualized dividend and a yield of 6.59%. Pine Cliff Energy’s payout ratio is currently -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.