Pine Cliff Energy Ltd (TSE:PNE) Insider Robert Disbrow Sells 100,000 Shares

Pine Cliff Energy Ltd (TSE:PNE) insider Robert Disbrow sold 100,000 shares of the company’s stock in a transaction on Wednesday, September 15th. The stock was sold at an average price of C$0.65, for a total transaction of C$65,000.00. Following the transaction, the insider now owns 21,241,500 shares of the company’s stock, valued at C$13,806,975.

Robert Disbrow also recently made the following trade(s):

  • On Friday, September 17th, Robert Disbrow sold 25,000 shares of Pine Cliff Energy stock. The stock was sold at an average price of C$0.65, for a total value of C$16,250.00.
  • On Wednesday, September 8th, Robert Disbrow sold 200,000 shares of Pine Cliff Energy stock. The stock was sold at an average price of C$0.52, for a total value of C$104,000.00.
  • On Friday, August 27th, Robert Disbrow sold 100,000 shares of Pine Cliff Energy stock. The stock was sold at an average price of C$0.46, for a total transaction of C$46,000.00.
  • On Tuesday, June 29th, Robert Disbrow sold 100,000 shares of Pine Cliff Energy stock. The stock was sold at an average price of C$0.41, for a total transaction of C$40,500.00.

The firm has a market cap of C$205.64 million and a P/E ratio of -11.73. The firm’s fifty day moving average price is C$0.45 and its 200 day moving average price is C$0.36. The company has a debt-to-equity ratio of 612.28, a current ratio of 1.49 and a quick ratio of 1.40. Pine Cliff Energy Ltd has a 52-week low of C$0.16 and a 52-week high of C$0.66.

Separately, Canaccord Genuity reaffirmed a “neutral” rating on shares of Pine Cliff Energy in a report on Thursday, September 16th.

Pine Cliff Energy Company Profile

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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