Canaccord Genuity Raises Pine Cliff Energy (TSE:PNE) Price Target to C$0.70

Pine Cliff Energy (TSE:PNE) had its target price upped by Canaccord Genuity to C$0.70 in a report published on Wednesday morning, Stock Target Advisor reports. They currently have a na rating on the stock.

Shares of TSE PNE opened at C$0.66 on Wednesday. The stock has a market capitalization of C$222.49 million and a P/E ratio of -12.69. The company has a 50-day moving average price of C$0.44 and a 200-day moving average price of C$0.36. Pine Cliff Energy has a 1 year low of C$0.16 and a 1 year high of C$0.66. The company has a debt-to-equity ratio of 612.28, a current ratio of 1.49 and a quick ratio of 1.40.

In related news, insider Robert Disbrow sold 100,000 shares of the business’s stock in a transaction dated Friday, August 27th. The shares were sold at an average price of C$0.46, for a total transaction of C$46,000.00. Following the transaction, the insider now directly owns 22,222,500 shares in the company, valued at C$10,222,350. Insiders have sold 400,000 shares of company stock valued at $190,500 over the last quarter.

Pine Cliff Energy Company Profile

Pine Cliff Energy Ltd. engages in the acquisition, exploration, development, and production of natural gas, crude oil, and natural gas liquids in the Western Canadian Sedimentary Basin. The company primarily holds interests in natural gas assets in the Southern and Edson areas; and oil and natural gas assets in the Viking Kinsella and Ghost Pine area of Central Alberta.

Further Reading: Euro STOXX 50 Index

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