Pine Cliff Energy (TSE:PNE) Trading Down 2.2% – Here’s What Happened

Pine Cliff Energy Ltd. (TSE:PNE) was down 2.2% on Wednesday . The stock traded as low as C$0.86 and last traded at C$0.87. Approximately 92,581 shares were traded during trading, a decline of 62% from the average daily volume of 242,920 shares. The stock had previously closed at C$0.89.

Pine Cliff Energy Stock Performance

The company has a 50 day moving average of C$0.90 and a two-hundred day moving average of C$0.95. The company has a debt-to-equity ratio of 81.31, a current ratio of 0.50 and a quick ratio of 1.48. The company has a market capitalization of C$307.79 million, a PE ratio of -86.00 and a beta of 0.37.

Pine Cliff Energy Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be given a $0.005 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 6.98%. The ex-dividend date is Monday, December 16th. Pine Cliff Energy’s dividend payout ratio is presently -600.00%.

Pine Cliff Energy Company Profile

Pine Cliff Energy Ltd. engages in the acquisition, exploration, development, and production of natural gas and crude oil in the Western Canadian Sedimentary Basin. The company primarily holds interest in oil and gas properties in the Viking and Ghost Pine area of Central Alberta, as well as in the Southern Alberta, Southern Saskatchewan, and Edson areas.