Pine Cliff Energy (TSE:PNE) Reaches New 1-Year Low – Here’s What Happened

Pine Cliff Energy Ltd. (TSE:PNE)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.52 and last traded at C$0.53, with a volume of 44025 shares trading hands. The stock had previously closed at C$0.52.

Pine Cliff Energy Stock Performance

The firm has a 50-day moving average of C$0.57 and a 200 day moving average of C$0.63. The company has a market cap of C$186.57 million, a P/E ratio of -26.00 and a beta of -0.00. The company has a current ratio of 0.54, a quick ratio of 1.48 and a debt-to-equity ratio of 157.85.

Pine Cliff Energy (TSE:PNE) last issued its earnings results on Wednesday, August 12th. The company reported C($0.01) earnings per share for the quarter. Pine Cliff Energy had a negative return on equity of 27.35% and a negative net margin of 5.41%.The business had revenue of C$39.46 million during the quarter. On average, analysts predict that Pine Cliff Energy Ltd. will post 0.0099907 earnings per share for the current fiscal year.

Pine Cliff Energy Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 31st will be paid a $0.0013 dividend. The ex-dividend date is Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 3.0%. 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.