Insider Selling: Pine Cliff Energy Ltd. (TSE:PNE) Director Sells C$23,895.00 in Stock

Pine Cliff Energy Ltd. (TSE:PNE) Director Robert Brent Fryk sold 29,500 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of C$0.81, for a total value of C$23,895.00.

Pine Cliff Energy Trading Down 1.1 %

Shares of PNE stock opened at C$0.91 on Friday. The company has a quick ratio of 1.48, a current ratio of 0.50 and a debt-to-equity ratio of 81.31. The stock has a 50-day simple moving average of C$0.94 and a 200 day simple moving average of C$0.97. Pine Cliff Energy Ltd. has a fifty-two week low of C$0.79 and a fifty-two week high of C$1.48. The stock has a market capitalization of C$325.69 million, a P/E ratio of -92.00 and a beta of 0.37.

Pine Cliff Energy Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 29th will be paid a $0.005 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.06 annualized dividend and a dividend yield of 6.59%. Pine Cliff Energy’s dividend payout ratio is currently -600.00%.

Pine Cliff Energy Company Profile

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.