Pine Cliff Energy Ltd. to Issue Monthly Dividend of $0.01 (TSE:PNE)

Pine Cliff Energy Ltd. (TSE:PNE) announced a monthly dividend on Friday, March 14th, TickerTech Dividends reports. Stockholders of record on Monday, March 31st will be given a dividend of 0.005 per share on Monday, March 31st. This represents a $0.06 dividend on an annualized basis and a dividend yield of 7.89%. The ex-dividend date is Friday, March 14th.

Pine Cliff Energy Stock Performance

Pine Cliff Energy stock traded down C$0.02 during trading hours on Wednesday, hitting C$0.76. The company had a trading volume of 20,938 shares, compared to its average volume of 177,893. The firm has a 50-day moving average of C$0.87 and a 200 day moving average of C$0.90. The company has a debt-to-equity ratio of 76.74, a current ratio of 0.47 and a quick ratio of 1.48. The firm has a market cap of C$275.26 million, a PE ratio of -18.35 and a beta of 0.37. Pine Cliff Energy has a one year low of C$0.75 and a one year high of C$1.14.

Insider Activity

In other news, Director Robert Brent Fryk bought 68,500 shares of the company’s stock in a transaction dated Tuesday, December 24th. The stock was bought at an average price of C$0.80 per share, with a total value of C$54,731.50. Over the last quarter, insiders have bought 88,500 shares of company stock valued at $70,432. 10.97% of the stock is owned by insiders.

Pine Cliff Energy Company Profile

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.