Pine Cliff Energy (TSE:PNE) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Pine Cliff Energy Ltd. (TSE:PNE)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.63 and traded as low as C$0.62. Pine Cliff Energy shares last traded at C$0.63, with a volume of 174,723 shares trading hands.

Pine Cliff Energy Trading Down 3.1%

The firm’s 50 day moving average is C$0.63 and its 200 day moving average is C$0.72. The company has a market cap of C$226.04 million, a PE ratio of -31.50 and a beta of 0.03. The company has a debt-to-equity ratio of 129.72, a current ratio of 0.56 and a quick ratio of 1.48.

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

Pine Cliff Energy Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 29th were given a dividend of $0.0013 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Friday, May 15th. Pine Cliff Energy’s payout ratio 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.