Pine Cliff Energy (TSE:PNE) Reaches New 12-Month Low – Should You Sell?

Pine Cliff Energy Ltd. (TSE:PNE) shares reached a new 52-week low during trading on Tuesday. The company traded as low as C$0.51 and last traded at C$0.51, with a volume of 292849 shares traded. The stock had previously closed at C$0.54.

Pine Cliff Energy Stock Performance

The company has a fifty day moving average price of C$0.54 and a two-hundred day moving average price of C$0.59. The firm has a market cap of C$182.99 million, a price-to-earnings ratio of -25.50 and a beta of -0.04. The company has a debt-to-equity ratio of 157.85, a current ratio of 0.54 and a quick ratio of 1.48.

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

Pine Cliff Energy Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 30th were paid a $0.0013 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.02 annualized dividend and a dividend yield of 3.1%. Pine Cliff Energy’s payout ratio is currently -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.