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

Pine Cliff Energy Ltd. (TSE:PNE) declared a monthly dividend on Monday, December 16th,TickerTech Dividends reports. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.005 per share on Tuesday, December 31st. This represents a $0.06 dividend on an annualized basis and a yield of 6.98%. The ex-dividend date of this dividend is Monday, December 16th.

Pine Cliff Energy Price Performance

Shares of Pine Cliff Energy stock remained flat at C$0.86 on Friday. 64,810 shares of the stock were exchanged, compared to its average volume of 241,381. The stock has a market cap of C$307.79 million, a price-to-earnings ratio of -86.00 and a beta of 0.37. The business has a 50 day moving average of C$0.90 and a 200 day moving average of C$0.95. The company has a quick ratio of 1.48, a current ratio of 0.50 and a debt-to-equity ratio of 81.31. Pine Cliff Energy has a 1 year low of C$0.79 and a 1 year high of C$1.48.

About Pine Cliff Energy

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.