Pine Cliff Energy (TSE:PNE) Shares Cross Below 200 Day Moving Average – Time to Sell?

Pine Cliff Energy Ltd. (TSE:PNE)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.75 and traded as low as C$0.60. Pine Cliff Energy shares last traded at C$0.62, with a volume of 48,757 shares trading hands.

Pine Cliff Energy Trading Up 1.6%

The company has a debt-to-equity ratio of 129.72, a current ratio of 0.56 and a quick ratio of 1.48. The firm has a market cap of C$222.45 million, a price-to-earnings ratio of -31.00 and a beta of 0.04. The firm’s fifty day moving average is C$0.66 and its 200-day moving average is C$0.75.

Pine Cliff Energy (TSE:PNE) last issued its quarterly earnings results on Thursday, March 5th. The company reported C$0.02 earnings per share for the quarter. Pine Cliff Energy had a negative return on equity of 31.31% and a negative net margin of 6.63%.The firm had revenue of C$41.35 million during the quarter. Equities analysts anticipate that Pine Cliff Energy Ltd. will post 0.0099907 earnings per share for the current year.

Pine Cliff Energy Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 29th will be given a dividend of $0.0013 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 2.5%. Pine Cliff Energy’s dividend payout ratio (DPR) is -75.00%.

About Pine Cliff Energy

Pine Cliff is a natural gas and crude oil company with a long-term view of creating shareholder value.