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

by · The Markets Daily

Pine Cliff Energy Ltd. (TSE:PNE – Get Free Report)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.96 and traded as high as C$0.96. Pine Cliff Energy shares last traded at C$0.94, with a volume of 61,205 shares.

Pine Cliff Energy Price Performance

The company has a market capitalization of C$336.43 million, a price-to-earnings ratio of -94.00 and a beta of 0.37. The firm’s 50 day moving average price is C$0.96 and its two-hundred day moving average price is C$0.98. The company has a current ratio of 0.50, a quick ratio of 1.48 and a debt-to-equity ratio of 81.31.

Pine Cliff Energy (TSE:PNE – Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported C($0.01) earnings per share for the quarter. The firm had revenue of C$46.61 million for the quarter. Pine Cliff Energy had a negative return on equity of 4.03% and a negative net margin of 2.14%. Sell-side analysts anticipate that Pine Cliff Energy Ltd. will post 0.0099907 earnings per share for the current fiscal year.

Pine Cliff Energy Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.005 per share. The ex-dividend date is Tuesday, October 15th. This represents a $0.06 annualized dividend and a dividend yield of 6.38%. Pine Cliff Energy’s dividend payout ratio is presently -600.00%.

Pine Cliff Energy Company Profile

(Get Free Report)

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.

See Also