Pine Cliff Energy Ltd. (TSE:PNE) Announces $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 given 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 is Monday, December 16th.

Pine Cliff Energy Stock Performance

Shares of PNE stock remained flat at C$0.86 during trading hours on Friday. 64,810 shares of the company were exchanged, compared to its average volume of 241,381. 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. Pine Cliff Energy has a 52-week low of C$0.79 and a 52-week high of C$1.48. The stock’s 50-day moving average is C$0.90 and its 200-day moving average is 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.

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.