Pine Cliff Energy (TSE:PNE) Hits New 12-Month Low – Here’s What Happened

Pine Cliff Energy Ltd. (TSE:PNE)’s share price hit a new 52-week low on Tuesday . The company traded as low as C$0.75 and last traded at C$0.77, with a volume of 89071 shares. The stock had previously closed at C$0.78.

Pine Cliff Energy Stock Up 1.3 %

The firm has a market cap of C$286.13 million, a price-to-earnings ratio of -19.07 and a beta of 0.37. The company has a quick ratio of 1.48, a current ratio of 0.47 and a debt-to-equity ratio of 76.74. The firm has a fifty day moving average price of C$0.89 and a 200-day moving average price of C$0.91.

Pine Cliff Energy Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 28th were paid a $0.005 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 7.59%. The ex-dividend date of this dividend was Friday, February 14th. Pine Cliff Energy’s payout ratio is -144.83%.

Insider Buying and Selling at Pine Cliff Energy

In related news, Director Robert Brent Fryk purchased 68,500 shares of the firm’s stock in a transaction on Tuesday, December 24th. The shares were bought at an average price of C$0.80 per share, for a total transaction of C$54,731.50. Insiders acquired 93,500 shares of company stock worth $74,832 in the last 90 days. 10.97% of the stock is owned by company insiders.

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.