Pine Cliff Energy Ltd. (TSE:PNE) Plans Monthly Dividend of $0.01

Pine Cliff Energy Ltd. (TSE:PNE) announced a monthly dividend on Friday, March 14th, TickerTech Dividends reports. Shareholders of record on Monday, March 31st will be paid a dividend of 0.005 per share on Monday, March 31st. This represents a $0.06 dividend on an annualized basis and a yield of 7.89%. The ex-dividend date is Friday, March 14th.

Pine Cliff Energy Price Performance

Shares of PNE stock traded down C$0.02 during trading hours on Wednesday, hitting C$0.76. The stock had a trading volume of 20,938 shares, compared to its average volume of 177,834. The company has a debt-to-equity ratio of 76.74, a current ratio of 0.47 and a quick ratio of 1.48. Pine Cliff Energy has a one year low of C$0.75 and a one year high of C$1.14. The stock’s 50-day moving average price is C$0.87 and its two-hundred day moving average price is C$0.90. The stock has a market capitalization of C$275.26 million, a price-to-earnings ratio of -18.35 and a beta of 0.37.

Insider Activity at Pine Cliff Energy

In other news, Director Robert Brent Fryk purchased 68,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 24th. The shares were bought at an average cost of C$0.80 per share, for a total transaction of C$54,731.50. Insiders have acquired a total of 88,500 shares of company stock valued at $70,432 over the last 90 days. 10.97% of the stock is owned by corporate insiders.

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.