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

Pine Cliff Energy Ltd. (TSE:PNE) declared a monthly dividend on Friday, November 15th,Zacks Dividends reports. Stockholders of record on Friday, November 29th 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 is Friday, November 15th.

Pine Cliff Energy Trading Down 1.2 %

PNE traded down C$0.01 during trading on Thursday, hitting C$0.83. 23,200 shares of the stock traded hands, compared to its average volume of 245,012. 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 has a 12-month low of C$0.82 and a 12-month high of C$1.55. The company has a debt-to-equity ratio of 81.31, a current ratio of 0.50 and a quick ratio of 1.48. The firm has a 50-day moving average of C$0.94 and a 200 day moving average of C$0.97.

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.