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

Pine Cliff Energy Ltd. (TSE:PNEGet Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.55 and last traded at C$0.55, with a volume of 42008 shares traded. The stock had previously closed at C$0.56.

Pine Cliff Energy Stock Down 1.8%

The company has a debt-to-equity ratio of 129.72, a quick ratio of 1.48 and a current ratio of 0.56. The firm has a fifty day moving average price of C$0.59 and a 200 day moving average price of C$0.66. The firm has a market capitalization of C$197.34 million, a price-to-earnings ratio of -27.50 and a beta of 0.02.

Pine Cliff Energy Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 31st will be given a $0.0013 dividend. The ex-dividend date is Wednesday, July 15th. This represents a c) annualized dividend and a yield of 2.8%. Pine Cliff Energy’s dividend payout ratio is presently -75.00%.

About Pine Cliff Energy

(Get Free Report)

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

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