Shares of Pine Cliff Energy Ltd. (TSE:PNE – Get Free Report) traded down 2.6% during mid-day trading on Tuesday . The stock traded as low as C$0.74 and last traded at C$0.74. 278,040 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 391,078 shares. The stock had previously closed at C$0.76.
Pine Cliff Energy Price Performance
The company has a debt-to-equity ratio of 76.74, a current ratio of 0.47 and a quick ratio of 1.48. The stock has a market capitalization of C$265.51 million, a P/E ratio of -12.33 and a beta of -0.19. The stock’s fifty day moving average is C$0.84 and its 200-day moving average is C$0.72.
Pine Cliff Energy (TSE:PNE – Get Free Report) last announced its quarterly earnings results on Wednesday, November 5th. The company reported C($0.02) earnings per share 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%. On average, equities analysts anticipate that Pine Cliff Energy Ltd. will post 0.0099907 earnings per share for the current year.
Pine Cliff Energy Announces Dividend
Insider Transactions at Pine Cliff Energy
In related news, Director Robert Brent Fryk purchased 50,000 shares of the stock in a transaction on Friday, November 14th. The shares were bought at an average price of C$0.82 per share, for a total transaction of C$41,000.00. Following the completion of the acquisition, the director directly owned 100,000 shares in the company, valued at approximately C$82,000. This trade represents a 100.00% increase in their position. Insiders purchased a total of 75,000 shares of company stock worth $61,240 over the last three months. 10.97% of the stock is owned by corporate insiders.
About Pine Cliff Energy
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