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

Pine Cliff Energy Ltd. (TSE:PNE)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.75 and traded as low as C$0.60. Pine Cliff Energy shares last traded at C$0.62, with a volume of 48,757 shares traded.

Pine Cliff Energy Trading Up 1.6%

The company has a current ratio of 0.56, a quick ratio of 1.48 and a debt-to-equity ratio of 129.72. The business’s 50-day simple moving average is C$0.66 and its 200-day simple moving average is C$0.75. The company has a market cap of C$222.45 million, a PE ratio of -20.67 and a beta of 0.04.

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

Pine Cliff Energy Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 29th will be paid a $0.0013 dividend. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, May 15th. Pine Cliff Energy’s payout ratio is presently -75.00%.

Pine Cliff Energy Company Profile

Pine Cliff is a natural gas and crude oil company with a long-term view of creating shareholder value.