Insider Buying: Pine Cliff Energy (TSE:PNE) Director Purchases C$19,845.00 in Stock

Pine Cliff Energy Ltd. (TSE:PNE) Director Robert Brent Fryk bought 24,500 shares of Pine Cliff Energy stock in a transaction dated Tuesday, November 18th. The stock was acquired at an average price of C$0.81 per share, with a total value of C$19,845.00. Following the purchase, the director directly owned 125,000 shares of the company’s stock, valued at approximately C$101,250. This represents a 24.38% increase in their ownership of the stock.

Robert Brent Fryk also recently made the following trade(s):

• On Friday, November 14th, Robert Brent Fryk purchased 50,000 shares of Pine Cliff Energy stock. The shares were acquired at an average price of C$0.82 per share, for a total transaction of C$41,000.00.
• On Tuesday, November 18th, Robert Brent Fryk acquired 500 shares of Pine Cliff Energy stock. The stock was acquired at an average cost of C$0.79 per share, with a total value of C$395.00.

Pine Cliff Energy Stock Performance

Pine Cliff Energy stock traded down C$0.01 during mid-day trading on Friday, reaching C$0.89. The company’s stock had a trading volume of 73,906 shares, compared to its average volume of 203,353. The firm’s fifty day moving average price is C$0.79 and its two-hundred day moving average price is C$0.69. The company has a debt-to-equity ratio of 76.74, a quick ratio of 1.48 and a current ratio of 0.47. Pine Cliff Energy Ltd. has a 12-month low of C$0.51 and a 12-month high of C$0.98. The company has a market capitalization of C$319.32 million, a P/E ratio of -14.83 and a beta of -0.25.

Pine Cliff Energy (TSE:PNE) last posted its quarterly earnings results on Wednesday, November 5th. The company reported C($0.02) EPS for the quarter. The company had revenue of C$37.61 million during the quarter. Pine Cliff Energy had a negative return on equity of 18.45% and a negative net margin of 8.28%. Sell-side analysts predict that Pine Cliff Energy Ltd. will post 0.0099907 EPS for the current fiscal year.

Pine Cliff Energy Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st will be paid a $0.0013 dividend. The ex-dividend date is Monday, December 15th. This represents a c) annualized dividend and a yield of 1.8%. Pine Cliff Energy’s dividend payout ratio (DPR) is currently -56.25%.

Pine Cliff Energy Company Profile

Pine Cliff Energy Ltd is a Canadian natural gas focused, exploration and production company. It is mainly engaged in the exploration, development, and production of natural gas, crude oil, and natural gas liquids. The company owns a Western Canadian Sedimentary Basin, Ghost Pine/Three Hills and Camrose/Viking areas of Central Alberta, several gas assets in Southeast Alberta and Southwest Saskatchewan, non-operated properties in the Sundance, Harmattan, and Garrington areas of Alberta and others.