Pine Cliff Energy (TSE:PNE) Stock Price Crosses Below 50 Day Moving Average – What’s Next?

Pine Cliff Energy Ltd. (TSE:PNE)’s share price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.82 and traded as low as C$0.74. Pine Cliff Energy shares last traded at C$0.74, with a volume of 127,109 shares.

Pine Cliff Energy Trading Down 3.9%

The company has a debt-to-equity ratio of 76.74, a current ratio of 0.47 and a quick ratio of 1.48. The company has a market capitalization of C$265.51 million, a P/E ratio of -12.33 and a beta of -0.19. The firm has a fifty day moving average price of C$0.82 and a 200-day moving average price of C$0.73.

Pine Cliff Energy (TSE:PNE) last posted its quarterly earnings data on Wednesday, November 5th. The company reported C($0.02) earnings per share for the quarter. The business had revenue of C$37.61 million during the quarter. Pine Cliff Energy had a negative return on equity of 18.45% and a negative net margin of 8.28%. On average, equities research analysts anticipate that Pine Cliff Energy Ltd. will post 0.0099907 earnings per share for the current year.

Pine Cliff Energy Announces Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were given a dividend of $0.0013 per share. The ex-dividend date was Monday, December 15th. This represents a c) annualized dividend and a yield of 2.1%. Pine Cliff Energy’s dividend payout ratio is presently -56.25%.

Insider Buying and Selling

In related news, Director Robert Brent Fryk bought 50,000 shares of the company’s stock in a transaction on Friday, November 14th. The shares were purchased at an average cost of C$0.82 per share, for a total transaction of C$41,000.00. Following the completion of the purchase, the director directly owned 100,000 shares in the company, valued at C$82,000. The trade was a 100.00% increase in their ownership of the stock. Insiders have bought a total of 75,000 shares of company stock valued at $61,240 over the last 90 days. Insiders own 10.97% of the company’s stock.

About Pine Cliff Energy