Pine Cliff Energy (TSE:PNE) Share Price Passes Below Fifty Day Moving Average – Should You Sell?

Pine Cliff Energy Ltd. (TSE:PNEGet Free Report) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.83 and traded as low as C$0.80. Pine Cliff Energy shares last traded at C$0.80, with a volume of 444,735 shares traded.

Pine Cliff Energy Stock Performance

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 firm has a market capitalization of C$287.03 million, a PE ratio of -13.33 and a beta of -0.19. The firm has a fifty day moving average price of C$0.83 and a 200 day moving average price of C$0.73.

Pine Cliff Energy (TSE:PNEGet Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The company reported C($0.02) earnings per share for the quarter. The company 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%. Research analysts anticipate that Pine Cliff Energy Ltd. will post 0.0099907 earnings per share for the current fiscal year.

Pine Cliff Energy Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were given a $0.0013 dividend. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, December 15th. Pine Cliff Energy’s dividend payout ratio (DPR) is -56.25%.

Insider Activity at Pine Cliff Energy

In other news, Director Robert Brent Fryk purchased 50,000 shares of Pine Cliff Energy stock in a transaction that occurred on Friday, November 14th. The stock was acquired at an average price of C$0.82 per share, for a total transaction of C$41,000.00. Following the transaction, the director 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. In the last three months, insiders have purchased 75,000 shares of company stock valued at $61,240. 10.97% of the stock is currently owned by corporate insiders.

About Pine Cliff Energy

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