Pine Cliff Energy (TSE:PNE) Sets New 52-Week Low – Here’s Why

Shares of Pine Cliff Energy Ltd. (TSE:PNEGet Free Report) reached a new 52-week low on Wednesday . The stock traded as low as C$0.83 and last traded at C$0.84, with a volume of 102063 shares traded. The stock had previously closed at C$0.85.

Pine Cliff Energy Price Performance

The business has a 50-day moving average price of C$0.94 and a 200 day moving average price of C$0.97. The company has a current ratio of 0.50, a quick ratio of 1.48 and a debt-to-equity ratio of 81.31. The stock has a market cap of C$300.64 million, a PE ratio of -85.00 and a beta of 0.37.

Pine Cliff Energy Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 29th will be paid a $0.005 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 7.14%. Pine Cliff Energy’s dividend payout ratio (DPR) is -600.00%.

Pine Cliff Energy Company Profile

(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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