Robert Disbrow Acquires 50,000 Shares of Pine Cliff Energy Ltd (PNE) Stock

Pine Cliff Energy Ltd (TSE:PNE) insider Robert Disbrow acquired 50,000 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was purchased at an average cost of C$0.38 per share, with a total value of C$19,000.00.

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

  • On Friday, January 12th, Robert Disbrow acquired 75,000 shares of Pine Cliff Energy stock. The stock was purchased at an average cost of C$0.36 per share, with a total value of C$27,000.00.
  • On Monday, January 15th, Robert Disbrow acquired 25,000 shares of Pine Cliff Energy stock. The stock was purchased at an average cost of C$0.39 per share, with a total value of C$9,750.00.
  • 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 acquired 10,000 shares of Pine Cliff Energy stock. The stock was purchased at an average cost of C$0.51 per share, with a total value of C$5,100.00.
  • On Tuesday, October 24th, Robert Disbrow acquired 50,000 shares of Pine Cliff Energy stock. The stock was purchased at an average cost of C$0.50 per share, with a total value of C$25,000.00.

Shares of Pine Cliff Energy Ltd (PNE) remained flat at $C$0.39 during midday trading on Friday. The stock had a trading volume of 589,733 shares, compared to its average volume of 2,136,697. The firm has a market cap of $118.22, a P/E ratio of -3.90 and a beta of 0.51. Pine Cliff Energy Ltd has a 52-week low of C$0.36 and a 52-week high of C$1.06.

Pine Cliff Energy (TSE:PNE) last issued its earnings results on Wednesday, November 8th. The company reported C($0.04) EPS for the quarter, missing the Zacks’ 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%.

PNE has been the subject of several analyst reports. 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 decreased 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 reissued 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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