Pine Cliff Energy Ltd. (TSE:PNE) Director Buys C$54,731.50 in Stock

Pine Cliff Energy Ltd. (TSE:PNE) Director Robert Brent Fryk bought 68,500 shares of the firm’s stock in a transaction on Tuesday, December 24th. The shares were purchased at an average cost of C$0.80 per share, with a total value of C$54,731.50.

Robert Brent Fryk also recently made the following trade(s):

• On Wednesday, November 20th, Robert Brent Fryk sold 29,500 shares of Pine Cliff Energy stock. The shares were sold at an average price of C$0.81, for a total transaction of C$23,895.00.

Pine Cliff Energy Trading Up 1.1 %

TSE PNE traded up C$0.01 during mid-day trading on Friday, reaching C$0.90. 348,176 shares of the stock were exchanged, compared to its average volume of 243,036. 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 stock has a market cap of C$322.11 million, a P/E ratio of -90.00 and a beta of 0.37. The stock has a 50 day simple moving average of C$0.87 and a 200-day simple moving average of C$0.94. Pine Cliff Energy Ltd. has a one year low of C$0.75 and a one year high of C$1.48.

Pine Cliff Energy Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.005 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 6.67%. The ex-dividend date of this dividend is Monday, December 16th. Pine Cliff Energy’s dividend payout ratio is -600.00%.

Pine Cliff Energy Company Profile

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.