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

Pine Cliff Energy Ltd. (TSE:PNE) declared a monthly dividend on Friday, February 14th,TickerTech Dividends reports. Investors of record on Friday, February 28th will be given a dividend of 0.005 per share on Friday, February 28th. This represents a $0.06 annualized dividend and a yield of 6.82%. The ex-dividend date is Friday, February 14th.

Pine Cliff Energy Stock Up 1.1 %

TSE:PNE traded up C$0.01 during trading hours on Wednesday, hitting C$0.88. The stock had a trading volume of 186,201 shares, compared to its average volume of 217,308. The company has a market cap of C$314.95 million, a PE ratio of -88.00 and a beta of 0.37. The business has a 50 day simple moving average of C$0.89 and a two-hundred day simple moving average of C$0.92. Pine Cliff Energy has a 1-year low of C$0.75 and a 1-year high of C$1.28. The company has a current ratio of 0.50, a quick ratio of 1.48 and a debt-to-equity ratio of 81.31.

Insider Activity at Pine Cliff Energy

In related news, Director Robert Brent Fryk purchased 68,500 shares of Pine Cliff Energy stock in a transaction dated Tuesday, December 24th. The shares were acquired at an average price of C$0.80 per share, with a total value of C$54,731.50. In the last three months, insiders bought 103,500 shares of company stock valued at $83,967. Corporate insiders own 10.97% of the company’s stock.

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.