Pine Cliff Energy (TSE:PNE) Sets New 12-Month Low – Time to Sell?

Pine Cliff Energy Ltd. (TSE:PNE)’s share price reached a new 52-week low on Friday . The stock traded as low as C$0.52 and last traded at C$0.53, with a volume of 381824 shares. The stock had previously closed at C$0.52.

Pine Cliff Energy Stock Performance

The company has a market capitalization of C$190.16 million, a P/E ratio of -26.50 and a beta of -0.04. The stock’s fifty day moving average price is C$0.55 and its 200-day moving average price is C$0.61. The company has a debt-to-equity ratio of 157.85, a quick ratio of 1.48 and a current ratio of 0.54.

Pine Cliff Energy (TSE:PNE) last posted its quarterly earnings results on Wednesday, August 12th. The company reported C($0.01) EPS for the quarter. The business had revenue of C$39.46 million for the quarter. Pine Cliff Energy had a negative return on equity of 27.35% and a negative net margin of 5.45%. As a group, research analysts anticipate that Pine Cliff Energy Ltd. will post 0.0099907 EPS for the current fiscal year.

Pine Cliff Energy Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.0013 per share. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Tuesday, September 15th. Pine Cliff Energy’s payout ratio is currently -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.