Pine Cliff Energy (TSE:PNE) Share Price Passes Above 50-Day Moving Average – Time to Sell?

Pine Cliff Energy Ltd. (TSE:PNE)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.55 and traded as high as C$0.55. Pine Cliff Energy shares last traded at C$0.55, with a volume of 47,858 shares traded.

Pine Cliff Energy Stock Down 3.6%

The company has a quick ratio of 1.48, a current ratio of 0.54 and a debt-to-equity ratio of 157.85. The company has a market capitalization of C$193.75 million, a P/E ratio of -27.00 and a beta of -0.04. The company has a 50-day moving average of C$0.55 and a two-hundred day moving average of C$0.61.

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

Pine Cliff Energy Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 31st were given a dividend of $0.0013 per share. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Friday, August 14th. Pine Cliff Energy’s dividend payout ratio (DPR) is -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.