Pine Cliff Energy (TSE:PNE) Sets New 1-Year Low – What’s Next?

Pine Cliff Energy Ltd. (TSE:PNE) shares hit a new 52-week low during trading on Tuesday. The stock traded as low as C$0.51 and last traded at C$0.51, with a volume of 194,901 shares trading hands. The stock had previously closed at C$0.52.

Pine Cliff Energy Stock Performance

The company has a debt-to-equity ratio of 157.85, a quick ratio of 1.48 and a current ratio of 0.54. The firm has a market cap of C$182.99 million, a P/E ratio of -25.50 and a beta of 0.27. The company’s 50 day moving average is C$0.53 and its 200 day moving average is C$0.60.

Pine Cliff Energy (TSE:PNE) last announced its quarterly earnings results on Thursday, November 5th. The company reported C($0.01) earnings per share (EPS) for the quarter. The company had revenue of C$41.54 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 analysts predict that Pine Cliff Energy Ltd. will post 0.01 earnings per share for the current fiscal year.

Pine Cliff Energy Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 30th will be given a dividend of $0.0013 per share. The ex-dividend date is Monday, November 16th. This represents a $0.02 dividend on an annualized basis and a yield of 3.1%. Pine Cliff Energy’s payout ratio is currently -75.00%.

About Pine Cliff Energy

Pine Cliff is a natural gas and crude oil company with a long-term view of creating shareholder value.