Pine Cliff Energy (TSE:PNE) Share Price Crosses Below Fifty Day Moving Average - Here's What Happened

Key Points

• Pine Cliff's share price fell below its 50‑day moving average of C$0.70 on Friday, trading as low as C$0.63 and last at C$0.64 on a volume of 562,668 shares.
• Weak fundamentals: the company has a debt-to-equity ratio of 123.90, a negative net margin (-6.91%) and return on equity (-31.28%), a negative P/E (-21.33), and a market cap of about C$229.6M.
• Pine Cliff declared a monthly dividend of C$0.0013 (annualized yield ~2.4%) with an ex-dividend date of April 15 and a reported payout ratio of -75%.

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$0.70 and traded as low as C$0.63. Pine Cliff Energy shares last traded at C$0.64, with a volume of 562,668 shares trading hands.

Pine Cliff Energy Price Performance

The company has a debt-to-equity ratio of 123.90, a current ratio of 0.57 and a quick ratio of 1.48. The stock has a market cap of C$229.63 million, a price-to-earnings ratio of -21.33 and a beta of 0.08. The business's 50-day simple moving average is C$0.70 and its two-hundred day simple moving average is C$0.75.

Pine Cliff Energy (TSE:PNE - Get Free Report) last issued its quarterly earnings results on Thursday, March 5th. The company reported C$0.02 EPS for the quarter. The company had revenue of C$41.35 million for the quarter. Pine Cliff Energy had a negative net margin of 6.91% and a negative return on equity of 31.28%. Research analysts expect that Pine Cliff Energy Ltd. will post 0.0099907 earnings per share for the current year.

Pine Cliff Energy Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 30th will be paid a $0.0013 dividend. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, April 15th. Pine Cliff Energy's payout ratio is -75.00%.

About Pine Cliff Energy

Pine Cliff is a natural gas and crude oil company with a long-term view of creating shareholder value.

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