Pine Cliff Energy (PNE) Reaches New 1-Year Low at $0.29
Shares of Pine Cliff Energy Ltd (TSE:PNE) hit a new 52-week low on Friday . The company traded as low as C$0.29 and last traded at C$0.29, with a volume of 99000 shares traded. The stock had previously closed at C$0.30.
A number of equities analysts have recently issued reports on PNE shares. Desjardins cut their price objective on shares of Pine Cliff Energy from C$0.50 to C$0.40 in a research report on Wednesday, February 14th. CIBC cut their price objective on shares of Pine Cliff Energy from C$0.50 to C$0.40 in a research report on Tuesday, January 23rd. Finally, National Bank Financial cut their price objective on shares of Pine Cliff Energy from C$0.65 to C$0.50 and set a “sector perform” rating on the stock in a research report on Tuesday, January 9th.
The firm has a market capitalization of $89.05, a PE ratio of -2.90 and a beta of 0.32.
Pine Cliff Energy Company Profile
Pine Cliff Energy Ltd. (Pine Cliff) is a Canada-based oil and gas exploration and production company. The Company is engaged in the exploration, development and production of oil and natural gas in the Western Canadian Sedimentary Basin (WCSB). It is also involved in the exploration for precious metals through its subsidiaries.
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