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

Pine Cliff Energy Ltd. (TSE:PNE) declared a monthly dividend on Friday, February 14th,TickerTech Dividends reports. Shareholders of record on Friday, February 28th will be given a dividend of 0.005 per share on Friday, February 28th. This represents a $0.06 annualized dividend and a dividend yield of 6.82%. The ex-dividend date of this dividend is Friday, February 14th.

Pine Cliff Energy Price Performance

Shares of PNE stock traded up C$0.01 during trading hours on Wednesday, hitting C$0.88. The stock had a trading volume of 186,201 shares, compared to its average volume of 217,308. The company has a debt-to-equity ratio of 81.31, a current ratio of 0.50 and a quick ratio of 1.48. The stock has a market capitalization of C$314.95 million, a price-to-earnings ratio of -88.00 and a beta of 0.37. Pine Cliff Energy has a one year low of C$0.75 and a one year high of C$1.28. The stock’s 50-day moving average price is C$0.89 and its two-hundred day moving average price is C$0.92.

Insider Activity

In other news, Director Robert Brent Fryk purchased 68,500 shares of the business’s stock in a transaction dated Tuesday, December 24th. The shares were purchased at an average price of C$0.80 per share, for a total transaction of C$54,731.50. In the last ninety days, insiders bought 103,500 shares of company stock worth $83,967. 10.97% of the stock is currently owned by 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.