Pine Cliff Energy Ltd (TSE:PNE) insider Robert Disbrow purchased 200,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was purchased at an average price of C$0.12 per share, for a total transaction of C$24,000.00. Following the purchase, the insider now directly owns 19,552,683 shares of the company’s stock, valued at approximately C$2,346,321.96.

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

  • On Friday, June 21st, Robert Disbrow sold 7,300 shares of Pine Cliff Energy stock. The shares were sold at an average price of C$0.18, for a total transaction of C$1,277.50.
  • On Monday, June 10th, Robert Disbrow purchased 450,000 shares of Pine Cliff Energy stock. The stock was purchased at an average price of C$0.18 per share, for a total transaction of C$81,000.00.

Shares of Pine Cliff Energy stock traded down C$0.01 on Tuesday, hitting C$0.12. The company had a trading volume of 135,500 shares, compared to its average volume of 135,969. The business has a 50-day simple moving average of C$0.16. The company has a current ratio of 0.95, a quick ratio of 0.73 and a debt-to-equity ratio of 179.03. The stock has a market cap of $36.85 million and a P/E ratio of -0.48. Pine Cliff Energy Ltd has a 52 week low of C$0.11 and a 52 week high of C$0.39.

Several equities research analysts have commented on PNE shares. Canaccord Genuity dropped their price target on shares of Pine Cliff Energy from C$0.50 to C$0.30 in a research note on Tuesday, July 9th. TD Securities dropped their price target on shares of Pine Cliff Energy from C$0.20 to C$0.15 and set a “hold” rating on the stock in a research note on Thursday, August 8th. CIBC dropped their price target on shares of Pine Cliff Energy from C$0.50 to C$0.25 in a research note on Thursday, July 18th. National Bank Financial set a C$0.30 price target on shares of Pine Cliff Energy and gave the company a “sector perform” rating in a research note on Friday, May 10th. Finally, GMP Securities decreased their price objective on shares of Pine Cliff Energy from C$0.20 to C$0.15 in a report on Wednesday, August 7th.

About Pine Cliff Energy

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: How is a management fee different from a performance fee?

Insider Buying and Selling by Quarter for Pine Cliff Energy (TSE:PNE)

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