Pine Cliff Energy (TSE:PNE) Sets New 12-Month Low – Here’s What Happened

Pine Cliff Energy Ltd. (TSE:PNE)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.80 and last traded at C$0.80, with a volume of 38000 shares traded. The stock had previously closed at C$0.81.

Pine Cliff Energy Price Performance

The stock has a market capitalization of C$329.27 million, a price-to-earnings ratio of -90.00 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 has a 50-day moving average of C$0.94 and a 200-day moving average of C$0.97.

Pine Cliff Energy Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 29th will be paid a $0.005 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.06 annualized dividend and a yield of 6.52%. Pine Cliff Energy’s payout ratio is currently -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.