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

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

Pine Cliff Energy Price Performance

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

Pine Cliff Energy Dividend Announcement

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