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

Key Points

• Pine Cliff Energy Ltd. announced a monthly dividend of C$0.0013 per share, with a yield of 2.4%, payable to shareholders of record on August 29th.
• The company’s stock was trading at C$0.66, with a market cap of C$239.04 million and a P/E ratio of -15.93.
• Pine Cliff Energy primarily focuses on the exploration and production of natural gas and crude oil, owning several assets in Western Canada and parts of Alberta and Saskatchewan.

Pine Cliff Energy Ltd. (TSE:PNE - Get Free Report) announced a monthly dividend on Friday, August 15th, TickerTech Dividends reports. Stockholders of record on Friday, August 29th will be given a dividend of 0.0013 per share on Friday, August 29th. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, August 15th.

Pine Cliff Energy Trading Down 1.6%

Shares of PNE stock traded down C$0.01 during trading on Friday, hitting C$0.63. 62,577 shares of the stock traded hands, compared to its average volume of 185,822. The firm has a market capitalization of C$228.18 million, a P/E ratio of -15.21 and a beta of 0.37. The company has a debt-to-equity ratio of 76.74, a current ratio of 0.47 and a quick ratio of 1.48. The firm's fifty day moving average price is C$0.67 and its 200-day moving average price is C$0.68. Pine Cliff Energy has a 52-week low of C$0.51 and a 52-week high of C$1.06.

Pine Cliff Energy Company Profile

Pine Cliff Energy Ltd is a Canadian natural gas focused, exploration and production company. It is mainly engaged in the exploration, development, and production of natural gas, crude oil, and natural gas liquids. The company owns a Western Canadian Sedimentary Basin, Ghost Pine/Three Hills and Camrose/Viking areas of Central Alberta, several gas assets in Southeast Alberta and Southwest Saskatchewan, non-operated properties in the Sundance, Harmattan, and Garrington areas of Alberta and others.