Pine Cliff Energy Ltd. (TSE:PNE) to Issue $0.00 Sep 25 Dividend

Key Points

• Pine Cliff Energy Ltd. has announced a dividend of $0.0013 per share, which will be distributed on September 29th to investors of record as of September 29th.
• The dividend yield is notably high at 254.0%, with the ex-dividend date also set for September 15th.
• Currently, Pine Cliff Energy's stock is trading at C$0.62, with a 1-year price range between C$0.51 and C$1.06.

Pine Cliff Energy Ltd. (TSE:PNE - Get Free Report) announced a sep 25 dividend on Monday, September 15th, RTT News reports. Shareholders of record on Monday, September 29th will be given a dividend of 0.0013 per share on Monday, September 29th. This represents a yield of 254.0%. The ex-dividend date is Monday, September 15th.

Pine Cliff Energy Stock Up 1.6%

TSE:PNE traded up C$0.01 on Thursday, hitting C$0.62. The stock had a trading volume of 305,655 shares, compared to its average volume of 190,632. The firm's fifty day simple moving average is C$0.65 and its two-hundred day simple moving average is C$0.64. The company has a debt-to-equity ratio of 76.74, a quick ratio of 1.48 and a current ratio of 0.47. Pine Cliff Energy has a 1 year low of C$0.51 and a 1 year high of C$1.06. The stock has a market cap of C$222.45 million, a P/E ratio of -10.33 and a beta of -0.22.

About Pine Cliff Energy

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.