Pine Cliff Energy Ltd (TSE:PNE) insider Robert Disbrow bought 100,000 shares of the firm’s stock in a transaction on Monday, June 29th. The stock was bought at an average price of C$0.13 per share, with a total value of C$12,500.00. Following the completion of the purchase, the insider now owns 22,356,000 shares of the company’s stock, valued at C$2,794,500.
Robert Disbrow also recently made the following trade(s):
- On Friday, June 12th, Robert Disbrow bought 100,000 shares of Pine Cliff Energy stock. The stock was bought at an average price of C$0.15 per share, with a total value of C$14,500.00.
Shares of TSE PNE traded up C$0.01 during midday trading on Tuesday, hitting C$0.13. 47,100 shares of the company’s stock were exchanged, compared to its average volume of 272,125. Pine Cliff Energy Ltd has a twelve month low of C$0.05 and a twelve month high of C$0.19. The firm has a market cap of $45.89 million and a P/E ratio of -0.59. The stock’s 50 day moving average price is C$0.15 and its 200-day moving average price is C$0.13. The company has a debt-to-equity ratio of 612.28, a current ratio of 0.73 and a quick ratio of 0.59.
Pine Cliff Energy (TSE:PNE) last announced its earnings results on Wednesday, May 6th. The company reported C($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.03) by C($0.01). The company had revenue of C$24.65 million during the quarter, compared to analysts’ expectations of C$25.00 million. On average, analysts expect that Pine Cliff Energy Ltd will post -0.0622222 EPS for the current fiscal year.
Separately, Canaccord Genuity decreased their target price on Pine Cliff Energy from C$0.20 to C$0.10 in a research note on Tuesday, March 10th.
Pine Cliff Energy Company Profile
Pine Cliff Energy Ltd. engages in the acquisition, exploration, development, and production of natural gas, crude oil, and natural gas liquids in the Western Canadian Sedimentary Basin. The company primarily holds interests in natural gas assets in the Southern and Edson areas; and oil and natural gas assets in the Viking Kinsella and Ghost Pine area of Central Alberta.
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