Pine Cliff Energy Ltd. to Issue Monthly Dividend of $0.00 (TSE:PNE)

Pine Cliff Energy Ltd. (TSE:PNE) declared a monthly dividend on Tuesday, September 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of 0.0013 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Tuesday, September 15th.

Pine Cliff Energy Stock Up 1.9%

Shares of TSE:PNE traded up C$0.01 during midday trading on Friday, reaching C$0.53. 381,824 shares of the company were exchanged, compared to its average volume of 252,051. The firm has a market cap of C$190.16 million, a PE ratio of -26.50 and a beta of -0.04. Pine Cliff Energy has a fifty-two week low of C$0.51 and a fifty-two week high of C$0.91. The stock has a fifty day simple moving average of C$0.55 and a two-hundred day simple moving average of C$0.61. The company has a quick ratio of 1.48, a current ratio of 0.54 and a debt-to-equity ratio of 157.85.

Pine Cliff Energy (TSE:PNE) last released its earnings results on Wednesday, August 12th. The company reported C($0.01) earnings per share (EPS) for the quarter. The firm had revenue of C$39.46 million for the quarter. Pine Cliff Energy had a negative return on equity of 27.35% and a negative net margin of 5.45%. As a group, sell-side analysts forecast that Pine Cliff Energy will post 0.0099907 earnings per share for the current year.

About Pine Cliff Energy

Pine Cliff is a natural gas and crude oil company with a long-term view of creating shareholder value.