Pine Cliff Energy (TSE:PNE) Hits New 1-Year Low – What’s Next?

Shares of Pine Cliff Energy Ltd. (TSE:PNE) reached a new 52-week low during trading on Monday. The company traded as low as C$0.52 and last traded at C$0.52, with a volume of 424472 shares. The stock had previously closed at C$0.51.

Pine Cliff Energy Trading Up 2.0%

The company’s 50 day simple moving average is C$0.54 and its 200-day simple moving average is C$0.59. The firm has a market cap of C$186.57 million, a P/E ratio of -26.00 and a beta of 0.07. 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 issued its earnings results on Wednesday, August 12th. The company reported C($0.01) EPS for the quarter. The company 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, research analysts predict that Pine Cliff Energy Ltd. will post 0.0099907 earnings per share for the current fiscal year.

Pine Cliff Energy Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 30th were issued a dividend of $0.0013 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 3.0%. Pine Cliff Energy’s payout ratio is -75.00%.

Pine Cliff Energy Company Profile

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