Pine Cliff Energy (TSE:PNE) Reaches New 12-Month Low – Here’s What Happened

Shares of Pine Cliff Energy Ltd. (TSE:PNE) reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as C$0.51 and last traded at C$0.52, with a volume of 157,300 shares trading hands. The stock had previously closed at C$0.52.

Pine Cliff Energy Trading Down 1.9%

The company has a market cap of C$186.57 million, a price-to-earnings ratio of -26.00 and a beta of 0.27. The business’s fifty day moving average price is C$0.53 and its 200 day moving average price is C$0.61. The company has a debt-to-equity ratio of 157.85, a current ratio of 0.54 and a quick ratio of 1.48.

Pine Cliff Energy (TSE:PNE) last issued its quarterly earnings data on Thursday, November 5th. The company reported C($0.01) earnings per share for the quarter. The business had revenue of C$41.54 million during the quarter. Pine Cliff Energy had a negative return on equity of 27.35% and a negative net margin of 5.45%. Research analysts anticipate that Pine Cliff Energy Ltd. will post 0.01 earnings per share for the current fiscal year.

Pine Cliff Energy Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 30th will be given a $0.0013 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Monday, November 16th. Pine Cliff Energy’s payout ratio is -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.