Pine Cliff Energy (TSE:PNE) Hits New 12-Month Low – Here’s Why

Pine Cliff Energy Ltd. (TSE:PNE) hit a new 52-week low during mid-day trading on Friday . The company traded as low as C$0.52 and last traded at C$0.53, with a volume of 381824 shares trading hands. The stock had previously closed at C$0.52.

Pine Cliff Energy Stock Up 1.9%

The company has a debt-to-equity ratio of 157.85, a current ratio of 0.54 and a quick ratio of 1.48. The stock’s 50 day simple moving average is C$0.55 and its two-hundred day simple moving average is C$0.61. The firm has a market cap of C$190.16 million, a P/E ratio of -26.50 and a beta of -0.04.

Pine Cliff Energy (TSE:PNE) last released its earnings results on Wednesday, August 12th. The company reported C($0.01) EPS for the quarter. The company had revenue of C$39.46 million during the quarter. Pine Cliff Energy had a negative return on equity of 27.35% and a negative net margin of 5.45%. As a group, research analysts forecast that Pine Cliff Energy Ltd. will post 0.0099907 earnings per share for the current year.

Pine Cliff Energy Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.0013 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 2.9%. Pine Cliff Energy’s dividend payout ratio is currently -75.00%.

About Pine Cliff Energy

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