Pine Cliff Energy Ltd. (PNE) To Go Ex-Dividend on March 14th

Pine Cliff Energy Ltd. (TSE:PNE) declared a monthly dividend on Friday, March 14th, TickerTech Dividends reports. Investors of record on Monday, March 31st will be given a dividend of 0.005 per share on Monday, March 31st. This represents a $0.06 annualized dividend and a yield of 7.89%. The ex-dividend date is Friday, March 14th.

Pine Cliff Energy Stock Performance

Shares of TSE:PNE traded down C$0.02 during midday trading on Wednesday, reaching C$0.76. The company had a trading volume of 26,438 shares, compared to its average volume of 178,107. The company’s 50 day moving average price is C$0.87 and its 200 day moving average price is C$0.90. The company has a current ratio of 0.47, a quick ratio of 1.48 and a debt-to-equity ratio of 76.74. Pine Cliff Energy has a 52-week low of C$0.75 and a 52-week high of C$1.14. The stock has a market cap of C$275.26 million, a P/E ratio of -18.35 and a beta of 0.37.

Insider Activity at Pine Cliff Energy

In other Pine Cliff Energy news, Director Robert Brent Fryk acquired 68,500 shares of Pine Cliff Energy stock in a transaction that occurred on Tuesday, December 24th. The stock was acquired at an average cost of C$0.80 per share, for a total transaction of C$54,731.50. Over the last quarter, insiders have bought 88,500 shares of company stock worth $70,432. Insiders own 10.97% of the company’s stock.

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.