Pine Cliff Energy Ltd. (TSE:PNE) Announces $0.01 Monthly Dividend

Pine Cliff Energy Ltd. (TSE:PNE) announced a monthly dividend on Monday, November 4th, Zacks reports. Investors of record on Friday, November 15th will be paid a dividend of 0.005 per share on Friday, November 29th. This represents a $0.06 annualized dividend and a dividend yield of 7.23%. The ex-dividend date of this dividend is Friday, November 15th.

Pine Cliff Energy Stock Performance

Shares of PNE stock traded down C$0.02 during midday trading on Wednesday, hitting C$0.83. 53,036 shares of the company were exchanged, compared to its average volume of 249,194. Pine Cliff Energy has a 52 week low of C$0.83 and a 52 week high of C$1.59. The company has a debt-to-equity ratio of 81.31, a quick ratio of 1.48 and a current ratio of 0.50. The firm’s 50 day moving average price is C$0.95 and its two-hundred day moving average price is C$0.98. The firm has a market capitalization of C$297.06 million, a P/E ratio of -84.00 and a beta of 0.37.

Pine Cliff Energy (TSE:PNE) last issued its quarterly earnings data on Thursday, August 8th. The company reported C($0.01) earnings per share for the quarter. Pine Cliff Energy had a negative return on equity of 4.03% and a negative net margin of 2.14%. The business had revenue of C$46.61 million during the quarter. As a group, equities research analysts anticipate that Pine Cliff Energy will post 0.0099907 earnings per share for the current year.

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.