Pine Cliff Energy Ltd. to Issue Monthly Dividend of $0.01 (TSE:PNE)

Pine Cliff Energy Ltd. (TSE:PNE) announced a monthly dividend on Wednesday, January 15th,TickerTech Dividends reports. Shareholders of record on Wednesday, January 15th will be paid a dividend of 0.005 per share on Wednesday, January 15th. This represents a $0.06 dividend on an annualized basis and a yield of 6.45%. The ex-dividend date is Wednesday, January 15th.

Pine Cliff Energy Stock Down 1.1 %

PNE stock opened at C$0.93 on Monday. Pine Cliff Energy has a one year low of C$0.75 and a one year high of C$1.48. The company has a 50 day moving average price of C$0.87 and a two-hundred day moving average price of C$0.93. The company has a debt-to-equity ratio of 81.31, a quick ratio of 1.48 and a current ratio of 0.50. The stock has a market capitalization of C$332.85 million, a P/E ratio of -93.00 and a beta of 0.37.

Insiders Place Their Bets

In other Pine Cliff Energy news, Director Robert Brent Fryk bought 68,500 shares of the business’s stock in a transaction dated Tuesday, December 24th. The shares were acquired at an average price of C$0.80 per share, with a total value of C$54,731.50. In the last ninety days, insiders have acquired 103,500 shares of company stock valued at $83,967. Insiders own 10.97% of the company’s stock.

Pine Cliff Energy Company Profile

Pine Cliff Energy Ltd. engages in the acquisition, exploration, development, and production of natural gas and crude oil in the Western Canadian Sedimentary Basin. The company primarily holds interest in oil and gas properties in the Viking and Ghost Pine area of Central Alberta, as well as in the Southern Alberta, Southern Saskatchewan, and Edson areas.