Pine Cliff Energy (TSE:PNE) Director Purchases 30,000 Shares

Pine Cliff Energy Ltd. (TSE:PNE) Director Philip Blake Hodge acquired 30,000 shares of the firm’s stock in a transaction dated Wednesday, September 23rd. The stock was bought at an average price of C$0.53 per share, for a total transaction of C$15,900.00. Following the acquisition, the director owned 10,916,047 shares of the company’s stock, valued at approximately C$5,785,504.91. This trade represents a 0.28% increase in their position.

Pine Cliff Energy Price Performance

Shares of TSE PNE remained flat at C$0.53 during midday trading on Wednesday. The stock had a trading volume of 120,791 shares, compared to its average volume of 246,434. The company has a market cap of C$190.16 million, a PE ratio of -26.50 and a beta of -0.04. Pine Cliff Energy Ltd. has a 12 month low of C$0.51 and a 12 month high of C$0.91. The company’s 50 day simple moving average is C$0.54 and its two-hundred day simple moving average is C$0.60. The company has a debt-to-equity ratio of 157.85, a quick ratio of 1.48 and a current ratio of 0.54.

Pine Cliff Energy (TSE:PNE) last posted its quarterly earnings results on Wednesday, August 12th. The company reported C($0.01) earnings per share (EPS) for the quarter. The company had revenue of C$39.46 million for the quarter. Pine Cliff Energy had a negative return on equity of 27.35% and a negative net margin of 5.45%. As a group, equities research analysts expect that Pine Cliff Energy Ltd. will post 0.0099907 EPS for the current year.

Pine Cliff Energy Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 30th will be issued a $0.0013 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 2.9%. Pine Cliff Energy’s dividend payout ratio (DPR) is currently -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.