Pine Cliff Energy Ltd. (TSE:PNE) to Issue $0.01 Monthly Dividend

Pine Cliff Energy Ltd. (TSE:PNE) declared a monthly dividend on Monday, December 16th,TickerTech Dividends reports. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.005 per share on Tuesday, December 31st. This represents a $0.06 annualized dividend and a yield of 6.98%. The ex-dividend date of this dividend is Monday, December 16th.

Pine Cliff Energy Stock Performance

Shares of PNE remained flat at C$0.86 during mid-day trading on Friday. 64,810 shares of the stock traded hands, compared to its average volume of 241,381. The company has a quick ratio of 1.48, a current ratio of 0.50 and a debt-to-equity ratio of 81.31. The company has a market cap of C$307.79 million, a price-to-earnings ratio of -86.00 and a beta of 0.37. The company has a 50-day moving average price of C$0.90 and a 200-day moving average price of C$0.95. Pine Cliff Energy has a 52-week low of C$0.79 and a 52-week high of C$1.48.

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.