Pine Cliff Energy (TSE:PNE) Stock Price Passes Below 200-Day Moving Average – Here’s What Happened

Pine Cliff Energy Ltd. (TSE:PNE) 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 traded.

Pine Cliff Energy Trading Up 3.2%

The stock has a market cap of C$229.63 million, a price-to-earnings ratio of -21.33 and a beta of 0.08. The company has a quick ratio of 1.48, a current ratio of 0.57 and a debt-to-equity ratio of 123.90. The business’s 50 day simple moving average is C$0.67 and its 200 day simple moving average is C$0.75.

Pine Cliff Energy (TSE:PNE) last announced its quarterly earnings data on Thursday, March 5th. The company reported C$0.02 EPS for the quarter. The company had revenue of C$41.35 million during the quarter. Pine Cliff Energy had a negative net margin of 6.91% and a negative return on equity of 31.28%. On average, research analysts expect that Pine Cliff Energy Ltd. will post 0.0099907 EPS for the current fiscal year.

Pine Cliff Energy Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 30th were issued a dividend of $0.0013 per share. The ex-dividend date was Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 2.4%. Pine Cliff Energy’s dividend payout ratio (DPR) is presently -75.00%.

Pine Cliff Energy Company Profile

Pine Cliff is a natural gas and crude oil company with a long-term view of creating shareholder value.