Insider Selling: Pine Cliff Energy Ltd. (TSE:PNE) Director Sells 29,500 Shares of Stock

Pine Cliff Energy Ltd. (TSE:PNE) Director Robert Brent Fryk sold 29,500 shares of Pine Cliff Energy stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of C$0.81, for a total transaction of C$23,895.00.

Pine Cliff Energy Stock Up 4.9 %

Shares of TSE:PNE opened at C$0.85 on Thursday. The company has a market cap of C$304.22 million, a price-to-earnings ratio of -85.00 and a beta of 0.37. Pine Cliff Energy Ltd. has a 12 month low of C$0.79 and a 12 month high of C$1.48. The company has a current ratio of 0.50, a quick ratio of 1.48 and a debt-to-equity ratio of 81.31. The company has a 50-day moving average price of C$0.94 and a 200 day moving average price of C$0.97.

Pine Cliff Energy Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 29th will be paid a $0.005 dividend. This represents a $0.06 annualized dividend and a dividend yield of 7.06%. The ex-dividend date of this dividend is Friday, November 15th. Pine Cliff Energy’s payout ratio is -600.00%.

About Pine Cliff Energy

Pine Cliff Energy Ltd. engages in the acquisition, exploration, development, and production of natural gas and crude oil in the Western Canadian Sedimentary Basin. The company primarily holds interest in oil and gas properties in the Viking and Ghost Pine area of Central Alberta, as well as in the Southern Alberta, Southern Saskatchewan, and Edson areas.