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Pine Cliff Energy (TSE:PNE) Share Price Crosses Below 50 Day Moving Average - Here's Why

Pine Cliff Energy logo with Energy background

Key Points

  • Pine Cliff Energy's share price has fallen below its fifty-day moving average of C$0.64, currently trading at C$0.63.
  • The company announced a dividend of $0.0013 per share with a 254.0% yield, payable on September 29, 2023.
  • Pine Cliff Energy has a market capitalization of C$226.04 million and a high debt-to-equity ratio of 76.74.
  • Five stocks to consider instead of Pine Cliff Energy.

Pine Cliff Energy Ltd. (TSE:PNE - Get Free Report)'s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.64 and traded as low as C$0.63. Pine Cliff Energy shares last traded at C$0.63, with a volume of 97,281 shares changing hands.

Pine Cliff Energy Price Performance

The firm has a 50-day moving average price of C$0.64 and a 200 day moving average price of C$0.63. The company has a debt-to-equity ratio of 76.74, a quick ratio of 1.48 and a current ratio of 0.47. The stock has a market capitalization of C$226.04 million, a P/E ratio of -10.50 and a beta of -0.22.

Pine Cliff Energy Announces Dividend

The business also recently disclosed a sep 25 dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 29th will be given a dividend of $0.0013 per share. This represents a yield of 254.0%. The ex-dividend date of this dividend is Monday, September 15th. Pine Cliff Energy's dividend payout ratio (DPR) is -75.00%.

Pine Cliff Energy Company Profile

(Get Free Report)

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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