Pine Cliff Energy (TSE:PNE) Stock Price Passes Below 50-Day Moving Average – Here’s Why

Pine Cliff Energy Ltd. (TSE:PNE)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.64 and traded as low as C$0.58. Pine Cliff Energy shares last traded at C$0.61, with a volume of 339,878 shares.

Pine Cliff Energy Stock Performance

The company has a quick ratio of 1.48, a current ratio of 0.56 and a debt-to-equity ratio of 129.72. The stock has a market capitalization of C$218.86 million, a P/E ratio of -30.50 and a beta of 0.04. The business has a fifty day moving average price of C$0.64 and a 200-day moving average price of C$0.73.

Pine Cliff Energy (TSE:PNE) last issued its earnings results on Thursday, March 5th. The company reported C$0.02 earnings per share for the quarter. The business had revenue of C$41.35 million during the quarter. Pine Cliff Energy had a negative return on equity of 31.31% and a negative net margin of 6.63%. On average, sell-side analysts expect that Pine Cliff Energy Ltd. will post 0.0099907 EPS for the current year.

Pine Cliff Energy Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 29th will be paid a $0.0013 dividend. The ex-dividend date is Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. Pine Cliff Energy’s payout ratio is currently -75.00%.

About Pine Cliff Energy

Pine Cliff is a natural gas and crude oil company with a long-term view of creating shareholder value.