Pine Cliff Energy (TSE:PNE) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Pine Cliff Energy Ltd. (TSE:PNEGet Free Report) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$0.75 and traded as low as C$0.62. Pine Cliff Energy shares last traded at C$0.64, with a volume of 406,248 shares changing hands.

Pine Cliff Energy Stock Performance

The company has a current ratio of 0.57, a quick ratio of 1.48 and a debt-to-equity ratio of 123.90. The firm has a market capitalization of C$222.45 million, a price-to-earnings ratio of -20.67 and a beta of 0.08. The company has a 50-day moving average of C$0.67 and a 200-day moving average of C$0.75.

Pine Cliff Energy (TSE:PNEGet Free Report) last posted its quarterly earnings results on Thursday, March 5th. The company reported C$0.02 earnings per share (EPS) for the quarter. The business had revenue of C$41.35 million for the quarter. Pine Cliff Energy had a negative return on equity of 31.28% and a negative net margin of 6.91%. On average, equities research analysts forecast that Pine Cliff Energy Ltd. will post 0.0099907 earnings per share for the current fiscal year.

Pine Cliff Energy Announces Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 30th were paid a dividend of $0.0013 per share. The ex-dividend date of this dividend was Wednesday, April 15th. This represents a c) annualized dividend and a yield of 2.5%. Pine Cliff Energy’s dividend payout ratio (DPR) 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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