Pine Cliff Energy (TSE:PNE) Stock Price Breaks Below 50-Day Moving Average – Time to Sell?

Pine Cliff Energy Ltd. (TSE:PNE – Get Free Report) crossed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of C$0.54 and traded as low as C$0.52. Pine Cliff Energy shares last traded at C$0.54, with a volume of 102,100 shares changing hands.

Pine Cliff Energy Price Performance

The firm has a market capitalization of C$190.16 million, a PE ratio of -26.50 and a beta of 0.07. The company has a debt-to-equity ratio of 157.85, a quick ratio of 1.48 and a current ratio of 0.54. The company has a fifty day simple moving average of C$0.54 and a two-hundred day simple moving average of C$0.57.

Pine Cliff Energy (TSE:PNE – Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported C($0.01) earnings per share for the quarter. Pine Cliff Energy had a negative return on equity of 27.35% and a negative net margin of 5.45%. The business had revenue of C$39.46 million during the quarter. Analysts forecast that Pine Cliff Energy Ltd. will post 0.01 EPS for the current fiscal year.

Pine Cliff Energy Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 30th will be issued a $0.0013 dividend. The ex-dividend date is Thursday, October 15th. This represents a $0.02 annualized dividend and a dividend yield of 2.9%. Pine Cliff Energy’s payout ratio is currently -75.00%.

About Pine Cliff Energy

(Get Free Report)

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

Further Reading

Receive News & Ratings for Pine Cliff Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pine Cliff Energy and related companies with MarketBeat.com's FREE daily email newsletter.