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

Pine Cliff Energy Ltd. (TSE:PNE) declared a monthly dividend on Wednesday, January 15th,TickerTech Dividends reports. Investors of record on Wednesday, January 15th will be given a dividend of 0.005 per share on Wednesday, January 15th. This represents a $0.06 annualized dividend and a dividend yield of 6.38%. The ex-dividend date of this dividend is Wednesday, January 15th.

Pine Cliff Energy Stock Performance

Shares of TSE PNE traded up C$0.01 during trading hours on Monday, hitting C$0.94. 54,495 shares of the company’s stock were exchanged, compared to its average volume of 279,413. Pine Cliff Energy has a 1-year low of C$0.75 and a 1-year high of C$1.48. The company has a debt-to-equity ratio of 81.31, a current ratio of 0.50 and a quick ratio of 1.48. The stock has a market capitalization of C$336.43 million, a price-to-earnings ratio of -94.00 and a beta of 0.37. The company’s 50-day moving average price is C$0.87 and its 200-day moving average price is C$0.93.

Insider Buying and Selling

In other Pine Cliff Energy news, Director Robert Brent Fryk acquired 68,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 24th. The stock was acquired at an average price of C$0.80 per share, with a total value of C$54,731.50. In the last 90 days, insiders 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.