Pine Cliff Energy (TSE:PNE) Director Acquires C$15,900.00 in Stock

Pine Cliff Energy Ltd. (TSE:PNE) Director Philip Blake Hodge bought 30,000 shares of the stock in a transaction on Wednesday, September 23rd. The shares were bought at an average price of C$0.53 per share, with a total value of C$15,900.00. Following the acquisition, the director owned 10,916,047 shares of the company’s stock, valued at C$5,785,504.91. This trade represents a 0.28% increase in their ownership of the stock.

Pine Cliff Energy Stock Down 1.8%

Shares of TSE PNE opened at C$0.54 on Friday. Pine Cliff Energy Ltd. has a 12-month low of C$0.51 and a 12-month high of C$0.91. The stock’s fifty day simple moving average is C$0.54 and its two-hundred day simple moving average is C$0.59. The stock has a market capitalization of C$193.75 million, a PE ratio of -27.00 and a beta of -0.04. The company has a current ratio of 0.54, a quick ratio of 1.48 and a debt-to-equity ratio of 157.85.

Pine Cliff Energy (TSE:PNE) last released its quarterly earnings results on Wednesday, August 12th. The company reported C($0.01) EPS for the quarter. The company had revenue of C$39.46 million during the quarter. Pine Cliff Energy had a negative return on equity of 27.35% and a negative net margin of 5.45%. As a group, analysts expect that Pine Cliff Energy Ltd. will post 0.0099907 EPS for the current fiscal year.

Pine Cliff Energy Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 30th will be issued a $0.0013 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.02 dividend on an annualized basis and a yield of 2.9%. Pine Cliff Energy’s payout ratio is currently -75.00%.

Pine Cliff Energy Company Profile

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