Insider Buying: Pine Cliff Energy Ltd (PNE) Insider Acquires 75,000 Shares of Stock

Pine Cliff Energy Ltd (TSE:PNE) insider Robert Disbrow purchased 75,000 shares of the business’s stock in a transaction on Friday, January 12th. The stock was purchased at an average cost of C$0.36 per share, for a total transaction of C$27,000.00.

Robert Disbrow also recently made the following trade(s):

  • On Monday, January 15th, Robert Disbrow purchased 25,000 shares of Pine Cliff Energy stock. The stock was purchased at an average cost of C$0.39 per share, for a total transaction of C$9,750.00.
  • On Wednesday, January 17th, Robert Disbrow purchased 50,000 shares of Pine Cliff Energy stock. The stock was purchased at an average cost of C$0.38 per share, for a total transaction of C$19,000.00.
  • On Wednesday, December 13th, Robert Disbrow sold 1,008,818 shares of Pine Cliff Energy stock. The stock was sold at an average price of C$0.47, for a total transaction of C$474,144.46.
  • On Thursday, November 23rd, Robert Disbrow sold 82,000 shares of Pine Cliff Energy stock. The stock was sold at an average price of C$0.53, for a total transaction of C$43,460.00.
  • On Friday, November 3rd, Robert Disbrow purchased 10,000 shares of Pine Cliff Energy stock. The stock was purchased at an average cost of C$0.51 per share, for a total transaction of C$5,100.00.
  • On Tuesday, October 24th, Robert Disbrow purchased 50,000 shares of Pine Cliff Energy stock. The stock was purchased at an average cost of C$0.50 per share, for a total transaction of C$25,000.00.

Pine Cliff Energy Ltd (TSE PNE) remained flat at $C$0.39 during trading hours on Friday. The company’s stock had a trading volume of 589,733 shares, compared to its average volume of 2,136,697. Pine Cliff Energy Ltd has a one year low of C$0.36 and a one year high of C$1.06. The firm has a market capitalization of $118.22, a price-to-earnings ratio of -3.90 and a beta of 0.51.

Pine Cliff Energy (TSE:PNE) last posted its quarterly earnings data on Wednesday, November 8th. The company reported C($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.03) by C($0.01). Pine Cliff Energy had a negative return on equity of 69.00% and a negative net margin of 126.46%.

Several research firms have recently commented on PNE. Industrial Alliance Securities downgraded shares of Pine Cliff Energy from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. National Bank Financial lowered their price objective on shares of Pine Cliff Energy from C$0.65 to C$0.50 and set a “sector perform” rating for the company in a research note on Tuesday, January 9th. Finally, Clarus Securities reiterated a “buy” rating on shares of Pine Cliff Energy in a research note on Tuesday, October 24th.

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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.

Insider Buying and Selling by Quarter for Pine Cliff Energy (TSE:PNE)

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