Pine Cliff Energy (TSE:PNE) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Pine Cliff Energy Ltd. (TSE:PNE)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.74 and traded as low as C$0.68. Pine Cliff Energy shares last traded at C$0.69, with a volume of 299,857 shares trading hands.

Pine Cliff Energy Stock Performance

The company has a current ratio of 0.57, a quick ratio of 1.48 and a debt-to-equity ratio of 123.90. The company has a market cap of C$247.57 million, a price-to-earnings ratio of -11.50 and a beta of -0.04. The stock has a 50 day moving average price of C$0.73 and a two-hundred day moving average price of C$0.74.

Pine Cliff Energy (TSE:PNE) last posted its quarterly earnings results on Wednesday, March 4th. The company reported C$0.02 earnings per share (EPS) for the quarter. Pine Cliff Energy had a negative return on equity of 31.28% and a negative net margin of 6.91%.The business had revenue of C$41.35 million for the quarter. Analysts predict that Pine Cliff Energy Ltd. will post 0.0099907 EPS for the current year.

Pine Cliff Energy Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.0013 per share. The ex-dividend date is Monday, March 16th. This represents a c) dividend on an annualized basis and a yield of 2.3%. Pine Cliff Energy’s dividend payout ratio (DPR) is -56.25%.

About Pine Cliff Energy

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