Pine Cliff Energy (TSE:PNE) Reaches New 52-Week Low – Here’s Why

Pine Cliff Energy Ltd. (TSE:PNE) shares reached a new 52-week low on Tuesday. The company traded as low as C$0.51 and last traded at C$0.51, with a volume of 194,901 shares traded. The stock had previously closed at C$0.52.

Pine Cliff Energy Stock Performance

The company has a current ratio of 0.54, a quick ratio of 1.48 and a debt-to-equity ratio of 157.85. The company’s 50-day simple moving average is C$0.53 and its 200-day simple moving average is C$0.60. The stock has a market capitalization of C$182.99 million, a price-to-earnings ratio of -25.50 and a beta of 0.27.

Pine Cliff Energy (TSE:PNE) last issued its quarterly earnings results on Thursday, November 5th. The company reported C($0.01) EPS for the quarter. Pine Cliff Energy had a negative return on equity of 27.35% and a negative net margin of 5.45%. The business had revenue of C$41.54 million for the quarter. On average, analysts expect that Pine Cliff Energy Ltd. will post 0.01 EPS for the current year.

Pine Cliff Energy Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 30th will be issued a dividend of $0.0013 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $0.02 annualized dividend and a yield of 3.1%. Pine Cliff Energy’s payout ratio is presently -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.