Pine Cliff Energy (TSE:PNE) Releases Earnings Results

Pine Cliff Energy (TSE:PNE) announced its quarterly earnings data on Thursday. The company reported C($0.01) earnings per share for the quarter, FiscalAI reports. Pine Cliff Energy had a negative return on equity of 27.35% and a negative net margin of 5.45%. The business had revenue of C$41.54 million for the quarter.

Pine Cliff Energy Price Performance

Shares of TSE PNE traded down C$0.01 during trading on Thursday, hitting C$0.52. 106,129 shares of the company were exchanged, compared to its average volume of 240,678. The company has a market cap of C$186.57 million, a price-to-earnings ratio of -26.00 and a beta of 0.27. Pine Cliff Energy has a 1 year low of C$0.50 and a 1 year high of C$0.91. The firm’s fifty day moving average price is C$0.54 and its 200 day moving average price is C$0.61. 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 Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Friday, October 30th were given a dividend of $0.0013 per share. This represents a $0.02 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Thursday, October 15th. Pine Cliff Energy’s payout ratio is presently -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.