Pine Cliff Energy Ltd. (TSE:PNE - Get Free Report) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.58 and traded as high as C$0.69. Pine Cliff Energy shares last traded at C$0.69, with a volume of 219,900 shares changing hands.
Analyst Ratings Changes
A number of brokerages have recently commented on PNE. Desjardins dropped 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 report 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 target price on the stock in a report on Thursday, April 3rd.
Read Our Latest Report on Pine Cliff Energy
Pine Cliff Energy Stock Performance
The company has a current ratio of 0.47, a quick ratio of 1.48 and a debt-to-equity ratio of 76.74. The firm has a market capitalization of C$249.91 million, a P/E ratio of -16.66 and a beta of 0.37. The business's 50 day simple moving average is C$0.58 and its two-hundred day simple moving average is C$0.74.
Pine Cliff Energy Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 30th will be issued a $0.0013 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.02 dividend on an annualized basis and a yield of 2.26%. Pine Cliff Energy's payout ratio is currently -144.83%.
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.
Further Reading
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