Pine Cliff Energy Ltd. (TSE:PNE - Get Free Report) announced a monthly dividend on Monday, June 16th, TickerTech Dividends reports. Shareholders of record on Monday, June 30th will be given a dividend of 0.0013 per share on Monday, June 30th. This represents a $0.02 annualized dividend and a yield of 2.33%. The ex-dividend date is Monday, June 16th.
Pine Cliff Energy Price Performance
Shares of PNE stock traded up C$0.04 during trading hours on Tuesday, reaching C$0.67. The company's stock had a trading volume of 291,387 shares, compared to its average volume of 197,022. Pine Cliff Energy has a fifty-two week low of C$0.51 and a fifty-two week high of C$1.07. The firm's 50 day simple moving average is C$0.58 and its 200-day simple moving average is C$0.74. The company has a quick ratio of 1.48, a current ratio of 0.47 and a debt-to-equity ratio of 76.74. The company has a market capitalization of C$242.67 million, a price-to-earnings ratio of -16.17 and a beta of 0.37.
Analyst Ratings Changes
A number of research analysts have recently commented on PNE shares. Desjardins dropped their target price on shares of Pine Cliff Energy from C$1.00 to C$0.95 and set a "buy" rating for the company in a report on Thursday, May 8th. Canaccord Genuity Group raised shares of Pine Cliff Energy from a "hold" rating to a "buy" rating and set a C$0.90 price objective for the company in a research note on Thursday, April 3rd.
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About Pine Cliff Energy
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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.
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