Pine Cliff Energy Ltd. (TSE:PNE) Director Robert Brent Fryk Buys 68,500 Shares

Pine Cliff Energy Ltd. (TSE:PNE) Director Robert Brent Fryk purchased 68,500 shares of the business’s stock in a transaction dated Tuesday, December 24th. The shares were purchased at an average cost of C$0.80 per share, with a total value of C$54,731.50.

Robert Brent Fryk also recently made the following trade(s):

• On Wednesday, November 20th, Robert Brent Fryk sold 29,500 shares of Pine Cliff Energy stock. The shares were sold at an average price of C$0.81, for a total transaction of C$23,895.00.

Pine Cliff Energy Stock Up 2.2 %

Shares of TSE PNE opened at C$0.91 on Monday. The company has a debt-to-equity ratio of 81.31, a current ratio of 0.50 and a quick ratio of 1.48. The firm’s 50-day moving average is C$0.87 and its two-hundred day moving average is C$0.93. Pine Cliff Energy Ltd. has a 12-month low of C$0.75 and a 12-month high of C$1.48. The company has a market capitalization of C$325.69 million, a PE ratio of -91.00 and a beta of 0.37.

Pine Cliff Energy Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.005 per share. This represents a $0.06 dividend on an annualized basis and a yield of 6.59%. The ex-dividend date of this dividend is Monday, December 16th. Pine Cliff Energy’s dividend payout ratio (DPR) is presently -600.00%.

About Pine Cliff Energy

Pine Cliff Energy Ltd. engages in the acquisition, exploration, development, and production of natural gas and crude oil in the Western Canadian Sedimentary Basin. The company primarily holds interest in oil and gas properties in the Viking and Ghost Pine area of Central Alberta, as well as in the Southern Alberta, Southern Saskatchewan, and Edson areas.