Pine Cliff Energy (TSE:PNE) Shares Cross Below Fifty Day Moving Average – Here’s Why

Shares of Pine Cliff Energy Ltd. (TSE:PNE) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.63 and traded as low as C$0.62. Pine Cliff Energy shares last traded at C$0.63, with a volume of 174,723 shares trading hands.

Pine Cliff Energy Stock Performance

The firm has a market cap of C$226.04 million, a price-to-earnings ratio of -31.50 and a beta of 0.03. The stock has a 50 day moving average of C$0.63 and a 200 day moving average of C$0.72. The company has a quick ratio of 1.48, a current ratio of 0.56 and a debt-to-equity ratio of 129.72.

Pine Cliff Energy (TSE:PNE) last posted its quarterly earnings results on Thursday, March 5th. The company reported C$0.02 EPS for the quarter. The business had revenue of C$41.35 million during the quarter. Pine Cliff Energy had a negative return on equity of 31.31% and a negative net margin of 6.63%. As a group, analysts anticipate that Pine Cliff Energy Ltd. will post 0.0099907 EPS for the current fiscal year.

Pine Cliff Energy Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 29th were paid a $0.0013 dividend. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Friday, May 15th. Pine Cliff Energy’s payout ratio is -75.00%.

About Pine Cliff Energy

Pine Cliff is a natural gas and crude oil company with a long-term view of creating shareholder value.