Pine Cliff Energy (TSE:PNE) Hits New 52-Week Low – Time to Sell?

Pine Cliff Energy Ltd. (TSE:PNE) reached a new 52-week low on Monday . The company traded as low as C$0.75 and last traded at C$0.75, with a volume of 55600 shares. The stock had previously closed at C$0.76.

Pine Cliff Energy Stock Down 1.3 %

The company has a market cap of C$271.64 million, a price-to-earnings ratio of -18.10 and a beta of 0.37. The company has a current ratio of 0.47, a quick ratio of 1.48 and a debt-to-equity ratio of 76.74. The business has a fifty day moving average of C$0.86 and a two-hundred day moving average of C$0.90.

Pine Cliff Energy Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 31st will be paid a $0.005 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.06 dividend on an annualized basis and a yield of 8.00%. Pine Cliff Energy’s dividend payout ratio is currently -144.83%.

Insider Activity at Pine Cliff Energy

In other news, Director Robert Brent Fryk acquired 68,500 shares of the firm’s stock in a transaction on Tuesday, December 24th. The shares were bought at an average price of C$0.80 per share, for a total transaction of C$54,731.50. In the last quarter, insiders have purchased 88,500 shares of company stock valued at $70,432. 10.97% of the stock is owned by company insiders.

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.