Insider Buying: Pine Cliff Energy (TSE:PNE) Director Acquires 50,000 Shares of Stock

Pine Cliff Energy Ltd. (TSE:PNE) Director Robert Brent Fryk bought 50,000 shares of the business’s stock in a transaction on Friday, November 14th. The shares were acquired at an average price of C$0.82 per share, for a total transaction of C$41,000.00. Following the completion of the purchase, the director owned 100,000 shares in the company, valued at approximately C$82,000. The trade was a 100.00% increase in their position.

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

• On Tuesday, November 18th, Robert Brent Fryk purchased 500 shares of Pine Cliff Energy stock. The stock was acquired at an average price of C$0.79 per share, with a total value of C$395.00.
• On Tuesday, November 18th, Robert Brent Fryk purchased 24,500 shares of Pine Cliff Energy stock. The shares were acquired at an average cost of C$0.81 per share, for a total transaction of C$19,845.00.

Pine Cliff Energy Stock Performance

Shares of Pine Cliff Energy stock traded down C$0.01 during trading on Friday, hitting C$0.89. 73,906 shares of the company’s stock traded hands, compared to its average volume of 203,353. Pine Cliff Energy Ltd. has a 1 year low of C$0.51 and a 1 year high of C$0.98. The business has a 50-day simple moving average of C$0.79 and a 200-day simple moving average of C$0.69. The stock has a market capitalization of C$319.32 million, a P/E ratio of -14.83 and a beta of -0.25. The company has a debt-to-equity ratio of 76.74, a current ratio of 0.47 and a quick ratio of 1.48.

Pine Cliff Energy (TSE:PNE) last issued its earnings results on Wednesday, November 5th. The company reported C($0.02) earnings per share for the quarter. The business had revenue of C$37.61 million during the quarter. Pine Cliff Energy had a negative return on equity of 18.45% and a negative net margin of 8.28%. As a group, analysts forecast that Pine Cliff Energy Ltd. will post 0.0099907 EPS for the current year.

Pine Cliff Energy Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st will be given a dividend of $0.0013 per share. The ex-dividend date is Monday, December 15th. This represents a c) dividend on an annualized basis and a yield of 1.8%. Pine Cliff Energy’s dividend payout ratio is -56.25%.

Pine Cliff Energy Company Profile

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.