Pine Cliff Energy (OTCMKTS:PIFYF) Trading Down 3.1% – Here’s Why

Pine Cliff Energy Ltd. (OTCMKTS:PIFYFGet Free Report)’s share price traded down 3.1% on Friday . The stock traded as low as $0.50 and last traded at $0.50. 179,878 shares traded hands during trading, an increase of 257% from the average session volume of 50,369 shares. The stock had previously closed at $0.5160.

Pine Cliff Energy Price Performance

The business has a 50-day moving average price of $0.53 and a 200-day moving average price of $0.53.

Pine Cliff Energy Company Profile

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Pine Cliff Energy Ltd. is a publicly traded oil and natural gas producer headquartered in Calgary, Alberta. The company focuses on the exploration, development and production of light crude oil, natural gas and natural gas liquids in the Western Canadian Sedimentary Basin. Its core asset is a Montney play near Grande Prairie, Alberta, where it holds working interests in both conventional and tight gas reservoirs.

Pine Cliff’s operations are anchored by the Ante Creek natural gas processing facility, which provides gas gathering, processing and de-ethanization services.

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