Pine Cliff Energy (TSE:PNE) Stock Price Down 2.6% – Here’s Why

Pine Cliff Energy Ltd. (TSE:PNEGet Free Report) shares fell 2.6% during trading on Tuesday . The company traded as low as C$0.74 and last traded at C$0.74. 278,040 shares changed hands during trading, a decline of 29% from the average session volume of 391,078 shares. The stock had previously closed at C$0.76.

Pine Cliff Energy Price Performance

The business has a 50-day simple moving average of C$0.84 and a two-hundred day simple moving average of C$0.72. 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 stock has a market capitalization of C$265.51 million, a price-to-earnings ratio of -12.33 and a beta of -0.19.

Pine Cliff Energy (TSE:PNEGet Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The company reported C($0.02) earnings per share (EPS) for the quarter. Pine Cliff Energy had a negative net margin of 8.28% and a negative return on equity of 18.45%. The firm had revenue of C$37.61 million for the quarter. As a group, research analysts predict that Pine Cliff Energy Ltd. will post 0.0099907 earnings per share for the current fiscal year.

Pine Cliff Energy Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were paid a $0.0013 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a c) annualized dividend and a dividend yield of 2.1%. Pine Cliff Energy’s payout ratio is currently -56.25%.

Insider Activity at Pine Cliff Energy

In other Pine Cliff Energy news, Director Robert Brent Fryk bought 50,000 shares of Pine Cliff Energy stock in a transaction that occurred on Friday, November 14th. The stock was purchased at an average cost of C$0.82 per share, for a total transaction of C$41,000.00. Following the completion of the acquisition, the director owned 100,000 shares of the company’s stock, valued at approximately C$82,000. This represents a 100.00% increase in their position. In the last 90 days, insiders have purchased 75,000 shares of company stock valued at $61,240. 10.97% of the stock is owned by insiders.

About Pine Cliff Energy

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