Pine Cliff Energy (TSE:PNE) Sets New 1-Year Low – Should You Sell?

Pine Cliff Energy Ltd. (TSE:PNEGet Free Report) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as C$0.55 and last traded at C$0.55, with a volume of 204853 shares changing hands. The stock had previously closed at C$0.57.

Pine Cliff Energy Stock Down 3.5%

The firm has a 50 day simple moving average of C$0.60 and a two-hundred day simple moving average of C$0.67. The company has a debt-to-equity ratio of 129.72, a quick ratio of 1.48 and a current ratio of 0.56. The stock has a market cap of C$197.34 million, a P/E ratio of -27.50 and a beta of 0.02.

Pine Cliff Energy Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 31st will be issued a $0.0013 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a yield of 2.8%. Pine Cliff Energy’s dividend payout ratio is presently -75.00%.

Pine Cliff Energy Company Profile

(Get Free Report)

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

Further Reading

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