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Pine Cliff Energy (TSE:PNE) Shares Pass Below 50 Day Moving Average - Time to Sell?

Pine Cliff Energy logo with Energy background

Key Points

  • Pine Cliff Energy Ltd. (TSE:PNE) has seen its stock price drop below its 50-day moving average, trading as low as C$0.61 while the current average is C$0.65.
  • The company recently announced a dividend of $0.0013 per share, with a substantial yield of 254.0%, although its payout ratio stands at -75.00%.
  • Pine Cliff Energy has a market capitalization of C$218.86 million and a debt-to-equity ratio of 76.74, indicating potential financial concerns.
  • Interested in Pine Cliff Energy? Here are five stocks we like better.

Pine Cliff Energy Ltd. (TSE:PNE - Get Free Report) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.65 and traded as low as C$0.61. Pine Cliff Energy shares last traded at C$0.61, with a volume of 315,710 shares changing hands.

Pine Cliff Energy Price Performance

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 firm has a market capitalization of C$218.86 million, a price-to-earnings ratio of -10.17 and a beta of -0.22. The company's 50 day moving average is C$0.65 and its 200 day moving average is C$0.64.

Pine Cliff Energy Dividend Announcement

The company also recently declared a sep 25 dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 29th will be issued a dividend of $0.0013 per share. The ex-dividend date is Monday, September 15th. This represents a yield of 254.0%. Pine Cliff Energy's payout ratio 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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