Pine Cliff Energy (TSE:PNE) Issues Quarterly Earnings Results

Pine Cliff Energy (TSE:PNE) issued its earnings results on Wednesday. The company reported C($0.01) earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$39.46 million during the quarter. Pine Cliff Energy had a negative return on equity of 31.31% and a negative net margin of 6.63%.

Pine Cliff Energy Price Performance

Shares of TSE:PNE remained flat at C$0.52 during trading on Friday. 425,980 shares of the stock were exchanged, compared to its average volume of 256,081. The firm has a 50 day simple moving average of C$0.57 and a 200-day simple moving average of C$0.63. The company has a debt-to-equity ratio of 129.72, a current ratio of 0.56 and a quick ratio of 1.48. Pine Cliff Energy has a 52 week low of C$0.51 and a 52 week high of C$0.91. The company has a market cap of C$186.57 million, a PE ratio of -26.00 and a beta of -0.00.

Pine Cliff Energy Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 31st will be issued a dividend of $0.0013 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. Pine Cliff Energy’s dividend payout ratio (DPR) 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.