Pine Cliff Energy Ltd. (TSE:PNE) to Issue $0.01 Monthly Dividend

Pine Cliff Energy Ltd. (TSE:PNE) announced a monthly dividend on Friday, February 14th,TickerTech Dividends reports. Shareholders of record on Friday, February 28th will be given a dividend of 0.005 per share on Friday, February 28th. This represents a $0.06 annualized dividend and a yield of 6.67%. The ex-dividend date is Friday, February 14th.

Pine Cliff Energy Stock Up 2.3 %

TSE:PNE traded up C$0.02 during mid-day trading on Wednesday, hitting C$0.90. The company had a trading volume of 7,000 shares, compared to its average volume of 217,308. The business has a fifty day simple moving average of C$0.89 and a 200-day simple moving average of C$0.92. The firm has a market capitalization of C$322.11 million, a price-to-earnings ratio of -90.00 and a beta of 0.37. Pine Cliff Energy has a 1 year low of C$0.75 and a 1 year high of C$1.28. The company has a current ratio of 0.50, a quick ratio of 1.48 and a debt-to-equity ratio of 81.31.

Insider Activity

In other Pine Cliff Energy news, Director Robert Brent Fryk acquired 68,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 24th. The stock was acquired at an average cost of C$0.80 per share, with a total value of C$54,731.50. Over the last three months, insiders bought 103,500 shares of company stock worth $83,967. 10.97% of the stock is currently 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.