Pine Cliff Energy (TSE:PNE) Share Price Passes Below Fifty Day Moving Average – Here’s What Happened

Pine Cliff Energy Ltd. (TSE:PNE)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.64 and traded as low as C$0.58. Pine Cliff Energy shares last traded at C$0.61, with a volume of 339,878 shares.

Pine Cliff Energy Trading Up 3.3%

The company has a debt-to-equity ratio of 129.72, a current ratio of 0.56 and a quick ratio of 1.48. The business’s 50 day moving average price is C$0.64 and its 200-day moving average price is C$0.73. The firm has a market capitalization of C$226.04 million, a price-to-earnings ratio of -31.50 and a beta of 0.04.

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

Pine Cliff Energy Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 29th were paid a dividend of $0.0013 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date 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.