Pine Cliff Energy Ltd. Declares Monthly Dividend of $0.01 (TSE:PNE)

Pine Cliff Energy Ltd. (TSE:PNE) announced a monthly dividend on Monday, November 4th, Zacks reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.005 per share on Friday, November 29th. This represents a $0.06 annualized dividend and a dividend yield of 7.14%. The ex-dividend date of this dividend is Friday, November 15th.

Pine Cliff Energy Price Performance

Shares of TSE:PNE traded down C$0.01 during trading on Wednesday, reaching C$0.84. The stock had a trading volume of 2,795 shares, compared to its average volume of 248,960. The company has a debt-to-equity ratio of 81.31, a quick ratio of 1.48 and a current ratio of 0.50. Pine Cliff Energy has a 1-year low of C$0.83 and a 1-year high of C$1.59. The stock has a market cap of C$300.64 million, a PE ratio of -85.00 and a beta of 0.37. The business has a fifty day moving average price of C$0.95 and a 200-day moving average price of C$0.98.

Pine Cliff Energy (TSE:PNE) last announced its quarterly earnings data on Thursday, August 8th. The company reported C($0.01) earnings per share (EPS) for the quarter. Pine Cliff Energy had a negative net margin of 2.14% and a negative return on equity of 4.03%. The business had revenue of C$46.61 million for the quarter. On average, equities analysts forecast that Pine Cliff Energy will post 0.0099907 earnings per share for the current fiscal year.

About Pine Cliff Energy

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.