Pine Cliff Energy (TSE:PNE) Hits New 52-Week Low – Time to Sell?

Pine Cliff Energy Ltd. (TSE:PNE) hit a new 52-week low during trading on Monday . The company traded as low as C$0.52 and last traded at C$0.53, with a volume of 44025 shares trading hands. The stock had previously closed at C$0.52.

Pine Cliff Energy Price Performance

The stock has a market capitalization of C$190.16 million, a PE ratio of -26.50 and a beta of -0.00. The firm’s 50 day simple moving average is C$0.56 and its 200 day simple moving average is C$0.63. The company has a debt-to-equity ratio of 157.85, a current ratio of 0.54 and a quick ratio of 1.48.

Pine Cliff Energy (TSE:PNE) last announced its quarterly earnings data on Wednesday, August 12th. The company reported C($0.01) earnings per share (EPS) for the quarter. Pine Cliff Energy had a negative net margin of 5.41% and a negative return on equity of 27.35%. The business had revenue of C$39.46 million during the quarter. As a group, equities analysts forecast that Pine Cliff Energy Ltd. will post 0.0099907 EPS for the current fiscal year.

Pine Cliff Energy Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 31st will be paid a $0.0013 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) annualized dividend and a yield of 2.9%. Pine Cliff Energy’s payout ratio is currently -75.00%.

Pine Cliff Energy Company Profile

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