Pine Cliff Energy (TSE:PNE) Reaches New 12-Month Low – Time to Sell?

Pine Cliff Energy Ltd. (TSE:PNE) hit a new 52-week low during trading on Monday . The stock traded as low as C$0.75 and last traded at C$0.75, with a volume of 55600 shares traded. The stock had previously closed at C$0.76.

Pine Cliff Energy Trading Down 1.3 %

The company has a 50-day simple moving average of C$0.86 and a 200 day simple moving average of C$0.89. The company has a market capitalization of C$268.02 million, a P/E ratio of -17.86 and a beta of 0.37. The company has a debt-to-equity ratio of 76.74, a quick ratio of 1.48 and a current ratio of 0.47.

Pine Cliff Energy Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be issued a $0.005 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.06 annualized dividend and a dividend yield of 8.11%. Pine Cliff Energy’s dividend payout ratio (DPR) is currently -144.83%.

Insider Transactions at Pine Cliff Energy

In other news, Director Robert Brent Fryk acquired 68,500 shares of Pine Cliff Energy stock in a transaction dated Tuesday, December 24th. The stock was bought at an average cost of C$0.80 per share, with a total value of C$54,731.50. 10.97% of the stock is owned by 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.