Pine Cliff Energy (TSE:PNE) Shares Cross Below 50-Day Moving Average – Here’s What Happened

Pine Cliff Energy Ltd. (TSE:PNE) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$0.72 and traded as low as C$0.69. Pine Cliff Energy shares last traded at C$0.72, with a volume of 638,790 shares.

Pine Cliff Energy Stock Performance

The company has a fifty day simple moving average of C$0.72 and a two-hundred day simple moving average of C$0.75. The company has a current ratio of 0.57, a quick ratio of 1.48 and a debt-to-equity ratio of 123.90. The company has a market cap of C$254.74 million, a PE ratio of -23.67 and a beta of -0.04.

Pine Cliff Energy (TSE:PNE) last announced its quarterly earnings data on Thursday, March 5th. The company reported C$0.02 earnings per share (EPS) for the quarter. Pine Cliff Energy had a negative return on equity of 31.28% and a negative net margin of 6.91%.The business had revenue of C$41.35 million during the quarter. Analysts anticipate that Pine Cliff Energy Ltd. will post 0.0099907 EPS for the current year.

Pine Cliff Energy Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st will be paid a $0.0013 dividend. The ex-dividend date is Monday, March 16th. This represents a c) dividend on an annualized basis and a yield of 2.2%. Pine Cliff Energy’s payout ratio is currently -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.