Insider Buying: Pine Cliff Energy Ltd (TSE:PNE) Insider Buys 200,000 Shares of Stock
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.
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?
Receive News & Ratings for Pine Cliff Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pine Cliff Energy and related companies with MarketBeat.com's FREE daily email newsletter.