Shares of Pine Cliff Energy Ltd (TSE:PNE) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$0.20 and last traded at C$0.22, with a volume of 31133 shares trading hands. The stock had previously closed at C$0.23.
Several research firms have issued reports on PNE. National Bank Financial set a C$0.30 price objective on Pine Cliff Energy and gave the company a “sector perform” rating in a research note on Friday, May 10th. TD Securities decreased their target price on Pine Cliff Energy from C$0.30 to C$0.25 and set a “hold” rating on the stock in a research report on Friday, May 10th. Finally, Haywood Securities decreased their target price on Pine Cliff Energy from C$0.50 to C$0.45 in a research report on Thursday, January 17th.
The company has a quick ratio of 0.89, a current ratio of 1.09 and a debt-to-equity ratio of 98.86. The stock has a market cap of $70.63 million and a P/E ratio of -0.90.
Pine Cliff Energy Company Profile (TSE:PNE)
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.
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