Pine Cliff Energy (TSE:PNE) Stock Price Passes Below 50-Day Moving Average – Here’s What Happened

Pine Cliff Energy Ltd. (TSE:PNE – Get Free Report) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.63 and traded as low as C$0.62. Pine Cliff Energy shares last traded at C$0.63, with a volume of 174,723 shares traded.

Pine Cliff Energy Price Performance

The company has a current ratio of 0.56, a quick ratio of 1.48 and a debt-to-equity ratio of 129.72. The company has a market capitalization of C$226.04 million, a P/E ratio of -31.50 and a beta of 0.03. The business’s fifty day moving average price is C$0.63 and its 200-day moving average price is C$0.72.

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Pine Cliff Energy (TSE:PNE – Get Free Report) last posted its quarterly earnings data on Thursday, March 5th. The company reported C$0.02 earnings per share (EPS) for the quarter. Pine Cliff Energy had a negative net margin of 6.63% and a negative return on equity of 31.31%. The company had revenue of C$41.35 million during the quarter. As a group, sell-side 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 business also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 29th were issued a dividend of $0.0013 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, May 15th. Pine Cliff Energy’s payout ratio is currently -75.00%.

Pine Cliff Energy Company Profile

(Get Free Report)

Pine Cliff is a natural gas and crude oil company with a long-term view of creating shareholder value.

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