Pine Cliff Energy Ltd. (PNE) to Issue Monthly Dividend of $0.01 on January 15th

Pine Cliff Energy Ltd. (TSE:PNE) declared a monthly dividend on Wednesday, January 15th,TickerTech Dividends reports. Investors of record on Wednesday, January 15th will be paid a dividend of 0.005 per share on Wednesday, January 15th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 6.38%. The ex-dividend date is Wednesday, January 15th.

Pine Cliff Energy Price Performance

Shares of TSE PNE traded up C$0.01 during mid-day trading on Monday, reaching C$0.94. The company had a trading volume of 54,495 shares, compared to its average volume of 279,413. 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 stock has a market cap of C$336.43 million, a PE ratio of -94.00 and a beta of 0.37. The company has a 50-day moving average price of C$0.87 and a two-hundred day moving average price of C$0.93. Pine Cliff Energy has a 1-year low of C$0.75 and a 1-year high of C$1.48.

Insider Activity

In other news, Director Robert Brent Fryk acquired 68,500 shares of Pine Cliff Energy stock in a transaction that occurred on Tuesday, December 24th. The stock was purchased at an average price of C$0.80 per share, with a total value of C$54,731.50. Over the last quarter, insiders have acquired 103,500 shares of company stock worth $83,967. 10.97% of the stock is owned by corporate insiders.

Pine Cliff Energy Company Profile

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.