Pine Cliff Energy Ltd. (PNE) To Go Ex-Dividend on March 14th

Pine Cliff Energy Ltd. (TSE:PNE) declared a monthly dividend on Friday, March 14th, TickerTech Dividends reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.005 per share on Monday, March 31st. This represents a $0.06 dividend on an annualized basis and a yield of 7.89%. The ex-dividend date is Friday, March 14th.

Pine Cliff Energy Stock Performance

Shares of Pine Cliff Energy stock traded down C$0.02 during trading on Wednesday, hitting C$0.76. 21,438 shares of the company’s stock were exchanged, compared to its average volume of 177,995. The stock has a market capitalization of C$275.26 million, a price-to-earnings ratio of -18.35 and a beta of 0.37. The business has a 50-day simple moving average of C$0.87 and a 200-day simple moving average of C$0.90. Pine Cliff Energy has a 52-week low of C$0.75 and a 52-week high of C$1.14. The company has a debt-to-equity ratio of 76.74, a quick ratio of 1.48 and a current ratio of 0.47.

Insider Activity

In other news, Director Robert Brent Fryk purchased 68,500 shares of the stock in a transaction that occurred on Tuesday, December 24th. The shares were purchased at an average cost of C$0.80 per share, with a total value of C$54,731.50. Insiders purchased a total of 88,500 shares of company stock valued at $70,432 in the last quarter. 10.97% of the stock is currently owned by company insiders.

About Pine Cliff Energy

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.