Pine Cliff Energy Ltd. (TSE:PNE) Announces Monthly Dividend of $0.01

Pine Cliff Energy Ltd. (TSE:PNE) declared a monthly dividend on Wednesday, January 15th,TickerTech Dividends reports. Stockholders 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 6.45%. The ex-dividend date is Wednesday, January 15th.

Pine Cliff Energy Trading Down 1.1 %

Shares of Pine Cliff Energy stock opened at C$0.93 on Monday. The firm has a market cap of C$332.85 million, a price-to-earnings ratio of -93.00 and a beta of 0.37. Pine Cliff Energy has a 52-week low of C$0.75 and a 52-week high of C$1.48. The company’s 50-day simple moving average is C$0.87 and its 200-day simple moving average is C$0.93. The company has a quick ratio of 1.48, a current ratio of 0.50 and a debt-to-equity ratio of 81.31.

Insiders Place Their Bets

In related news, Director Robert Brent Fryk bought 68,500 shares of the stock in a transaction on Tuesday, December 24th. The shares were bought at an average cost of C$0.80 per share, for a total transaction of C$54,731.50. In the last 90 days, insiders have acquired 103,500 shares of company stock worth $83,967. Company insiders own 10.97% of the company’s stock.

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.