Pine Cliff Energy (TSE:PNE) Reaches New 52-Week Low – Here’s What Happened

Pine Cliff Energy Ltd. (TSE:PNE)’s share price hit a new 52-week low on Friday . The stock traded as low as C$0.52 and last traded at C$0.53, with a volume of 381824 shares. The stock had previously closed at C$0.52.

Pine Cliff Energy Stock Up 1.9%

The firm has a market capitalization of C$190.16 million, a PE ratio of -26.50 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. The company has a 50-day moving average price of C$0.55 and a 200 day moving average price of C$0.61.

Pine Cliff Energy (TSE:PNE) last posted its quarterly earnings results on Wednesday, August 12th. The company reported C($0.01) 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 business had revenue of C$39.46 million during the quarter. Analysts forecast that Pine Cliff Energy Ltd. will post 0.0099907 earnings per share for the current year.

Pine Cliff Energy Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 30th will be issued a $0.0013 dividend. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, September 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.