Pine Cliff Energy (TSE:PNE) Sets New 12-Month Low – Should You Sell?

Shares of Pine Cliff Energy Ltd. (TSE:PNE) hit a new 52-week low on Monday . The company traded as low as C$0.52 and last traded at C$0.53, with a volume of 44025 shares changing hands. The stock had previously closed at C$0.52.

Pine Cliff Energy Stock Performance

The company has a debt-to-equity ratio of 157.85, a quick ratio of 1.48 and a current ratio of 0.54. The firm has a market cap of C$186.57 million, a P/E ratio of -26.00 and a beta of -0.00. The company’s 50 day moving average is C$0.57 and its 200 day moving average is C$0.63.

Pine Cliff Energy (TSE:PNE) last issued its earnings results 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 5.41%.The firm had revenue of C$39.46 million during the quarter. As a group, equities analysts predict that Pine Cliff Energy Ltd. will post 0.0099907 earnings per share for the current fiscal year.

Pine Cliff Energy Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 31st will be issued a dividend of $0.0013 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) annualized dividend and a yield of 3.0%. Pine Cliff Energy’s payout ratio is presently -75.00%.

Pine Cliff Energy Company Profile

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