Pine Cliff Energy Ltd (PNE) Insider Robert Disbrow Acquires 58,000 Shares
Pine Cliff Energy Ltd (TSE:PNE) insider Robert Disbrow bought 58,000 shares of the company’s stock in a transaction on Tuesday, September 18th. The stock was bought at an average cost of C$0.33 per share, with a total value of C$19,140.00.
Robert Disbrow also recently made the following trade(s):
- On Friday, September 7th, Robert Disbrow sold 10,000 shares of Pine Cliff Energy stock. The shares were sold at an average price of C$0.35, for a total transaction of C$3,500.00.
- On Friday, July 27th, Robert Disbrow sold 25,000 shares of Pine Cliff Energy stock. The shares were sold at an average price of C$0.43, for a total transaction of C$10,750.00.
Shares of PNE traded down C$0.01 during mid-day trading on Monday, reaching C$0.32. 124,600 shares of the company’s stock were exchanged, compared to its average volume of 439,362. Pine Cliff Energy Ltd has a 52-week low of C$0.26 and a 52-week high of C$0.68.
Separately, CIBC raised shares of Pine Cliff Energy from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from C$0.35 to C$0.50 in a research note on Friday, July 20th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of C$0.45.
About Pine Cliff Energy
Pine Cliff Energy Ltd. engages in the acquisition, exploration for, 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 core area and Edson core area; and oil and natural gas assets in the Viking and Ghost Pine area of Central Alberta.
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