Pine Cliff Energy Ltd. (TSE:PNE) Director Sells C$23,895.00 in Stock

Pine Cliff Energy Ltd. (TSE:PNE) Director Robert Brent Fryk sold 29,500 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of C$0.81, for a total transaction of C$23,895.00.

Pine Cliff Energy Stock Down 1.1 %

PNE stock opened at C$0.91 on Friday. The company has a debt-to-equity ratio of 81.31, a current ratio of 0.50 and a quick ratio of 1.48. The firm has a market capitalization of C$325.69 million, a P/E ratio of -92.00 and a beta of 0.37. Pine Cliff Energy Ltd. has a 52-week low of C$0.79 and a 52-week high of C$1.48. The company’s 50 day simple moving average is C$0.94 and its 200-day simple moving average is C$0.97.

Pine Cliff Energy Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.005 per share. This represents a $0.06 annualized dividend and a yield of 6.59%. The ex-dividend date of this dividend is Friday, November 15th. Pine Cliff Energy’s dividend payout ratio (DPR) is currently -600.00%.

About Pine Cliff Energy

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.