Birchcliff Energy (OTCMKTS:BIREF) Hits New 52-Week Low – What’s Next?

Shares of Birchcliff Energy Ltd. (OTCMKTS:BIREF) hit a new 52-week low on Friday . The stock traded as low as $3.39 and last traded at $3.40, with a volume of 76874 shares traded. The stock had previously closed at $3.57.

Birchcliff Energy Trading Down 2.8 %

The business’s 50-day simple moving average is $3.79 and its two-hundred day simple moving average is $4.16. The firm has a market capitalization of $916.65 million, a price-to-earnings ratio of 84.94 and a beta of 0.62. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.22.

Birchcliff Energy Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.0714 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a yield of 8.06%. Birchcliff Energy’s dividend payout ratio (DPR) is presently 725.00%.

About Birchcliff Energy

Birchcliff Energy Ltd., an intermediate oil and natural gas company, explores for, develops, and produces natural gas, light oil, condensate, and other natural gas liquids in Western Canada. The company holds interests in the areas of Montney/Doig Resource Play, including the Pouce Coupe and Gordondale properties in Alberta.