Clarus Securities Reiterates Buy Rating for Pine Cliff Energy Ltd (PNE)
Pine Cliff Energy Ltd (TSE:PNE)‘s stock had its “buy” rating reissued by Clarus Securities in a research note issued to investors on Tuesday.
Separately, TD Securities cut their target price on shares of Pine Cliff Energy from C$0.85 to C$0.80 and set a “hold” rating for the company in a research report on Friday, August 11th.
Pine Cliff Energy (PNE) opened at 0.49 on Tuesday. The company’s market capitalization is $150.47 million. Pine Cliff Energy has a 52-week low of $0.49 and a 52-week high of $1.22. The stock’s 50 day moving average is $0.62 and its 200-day moving average is $0.71.
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In related news, insider Robert Disbrow bought 39,000 shares of the stock in a transaction dated Thursday, August 31st. The shares were purchased at an average price of C$0.67 per share, with a total value of C$26,130.00. Insiders have acquired 397,500 shares of company stock worth $246,685 in the last ninety days.
Pine Cliff Energy Company Profile
Pine Cliff Energy Ltd. (Pine Cliff) is a Canada-based oil and gas exploration and production company. The Company is engaged in the exploration, development and production of oil and natural gas in the Western Canadian Sedimentary Basin (WCSB). It is also involved in the exploration for precious metals through its subsidiaries.
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