Pine Cliff Energy (PNE) Hits New 52-Week Low at $0.47
Shares of Pine Cliff Energy Ltd. (TSE:PNE) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.47 and last traded at C$0.50, with a volume of 42655 shares. The stock had previously closed at C$0.49.
PNE has been the subject of several recent analyst reports. Clarus Securities reiterated a “buy” rating on shares of Pine Cliff Energy in a research note on Tuesday, October 24th. Industrial Alliance Securities lowered shares of Pine Cliff Energy from a “buy” rating to a “hold” rating in a research note on Friday, October 27th.
In related news, insider Robert Disbrow sold 82,000 shares of the stock in a transaction dated Thursday, November 23rd. The shares were sold at an average price of C$0.53, for a total transaction of C$43,460.00. In the last 90 days, insiders have purchased 396,000 shares of company stock valued at $235,080.
About Pine Cliff Energy
Pine Cliff Energy Ltd. (Pine Cliff) is a Canada-based oil and gas exploration and production company. The Company is engaged in the exploration, development and production of oil and natural gas in the Western Canadian Sedimentary Basin (WCSB). It is also involved in the exploration for precious metals through its subsidiaries.
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