Pine Cliff Energy Ltd (TSE:PNE) Insider Acquires C$35,000.00 in Stock

Pine Cliff Energy Ltd (TSE:PNE) insider Robert Disbrow purchased 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 23rd. The shares were acquired at an average price of C$0.70 per share, for a total transaction of C$35,000.00. Following the completion of the transaction, the insider now owns 20,441,500 shares in the company, valued at C$14,309,050.

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

  • On Wednesday, November 10th, Robert Disbrow acquired 193,000 shares of Pine Cliff Energy stock. The stock was purchased at an average price of C$0.73 per share, for a total transaction of C$141,816.40.
  • On Friday, November 5th, Robert Disbrow acquired 4,500 shares of Pine Cliff Energy stock. The stock was purchased at an average price of C$0.74 per share, for a total transaction of C$3,330.00.
  • On Thursday, October 21st, Robert Disbrow acquired 27,500 shares of Pine Cliff Energy stock. The shares were acquired at an average cost of C$0.75 per share, for a total transaction of C$20,625.00.
  • On Monday, October 18th, Robert Disbrow purchased 50,000 shares of Pine Cliff Energy stock. The stock was purchased at an average cost of C$0.80 per share, for a total transaction of C$40,000.00.
  • On Wednesday, October 13th, Robert Disbrow purchased 50,000 shares of Pine Cliff Energy stock. The stock was purchased at an average cost of C$0.80 per share, for a total transaction of C$40,000.00.
  • On Thursday, October 7th, Robert Disbrow sold 50,000 shares of Pine Cliff Energy stock. The shares were sold at an average price of C$0.79, for a total value of C$39,500.00.
  • 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 15th, Robert Disbrow sold 100,000 shares of Pine Cliff Energy stock. The stock was sold at an average price of C$0.65, for a total value of C$65,000.00.
  • 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 transaction of C$104,000.00.
  • On Friday, August 27th, Robert Disbrow sold 100,000 shares of Pine Cliff Energy stock. The shares were sold at an average price of C$0.46, for a total transaction of C$46,000.00.

Shares of TSE PNE traded down C$0.01 during midday trading on Thursday, reaching C$0.68. 26,582 shares of the company were exchanged, compared to its average volume of 365,294. The company’s 50-day moving average price is C$0.71. The stock has a market capitalization of C$230.28 million and a PE ratio of -76.67. Pine Cliff Energy Ltd has a one year low of C$0.20 and a one year high of C$0.90. The company has a current ratio of 0.94, a quick ratio of 0.87 and a debt-to-equity ratio of 612.28.

A number of equities research analysts have recently weighed in on the stock. Canaccord Genuity reiterated a “neutral” rating on shares of Pine Cliff Energy in a research report on Thursday, September 16th. Haywood Securities boosted their price objective on shares of Pine Cliff Energy from C$0.60 to C$1.00 and gave the company a “na” rating in a research report on Friday, October 1st.

About Pine Cliff Energy

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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