Pine Cliff Energy Ltd. (TSE:PNE - Get Free Report) Senior Officer Austin William Nieuwdorp acquired 25,000 shares of Pine Cliff Energy stock in a transaction on Wednesday, June 4th. The shares were bought at an average price of C$0.57 per share, for a total transaction of C$14,250.00.
Pine Cliff Energy Stock Performance
PNE stock traded down C$0.01 on Thursday, reaching C$0.57. The company's stock had a trading volume of 667,331 shares, compared to its average volume of 183,975. Pine Cliff Energy Ltd. has a 52 week low of C$0.51 and a 52 week high of C$1.14. The company has a market capitalization of C$206.45 million, a P/E ratio of -13.76 and a beta of 0.37. The firm has a fifty day moving average of C$0.58 and a two-hundred day moving average of C$0.76. The company has a debt-to-equity ratio of 76.74, a current ratio of 0.47 and a quick ratio of 1.48.
Pine Cliff Energy Announces Dividend
The firm also recently disclosed a monthly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 30th were issued a $0.0013 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend was Thursday, May 15th. Pine Cliff Energy's dividend payout ratio (DPR) is -144.83%.
Wall Street Analyst Weigh In
Several research firms recently commented on PNE. Desjardins cut their price target on Pine Cliff Energy from C$1.00 to C$0.95 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Canaccord Genuity Group raised Pine Cliff Energy from a "hold" rating to a "buy" rating and set a C$0.90 price objective for the company in a report on Thursday, April 3rd.
Check Out Our Latest Report on Pine Cliff Energy
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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