Pine Cliff Energy (TSE:PNE) Reaches New 52-Week Low – What’s Next?

Pine Cliff Energy Ltd. (TSE:PNE) hit a new 52-week low on Tuesday. The stock traded as low as C$0.51 and last traded at C$0.51, with a volume of 292849 shares. The stock had previously closed at C$0.54.

Pine Cliff Energy Stock Down 5.6%

The company has a current ratio of 0.54, a quick ratio of 1.48 and a debt-to-equity ratio of 157.85. The company has a market capitalization of C$182.99 million, a price-to-earnings ratio of -25.50 and a beta of -0.04. The firm’s 50 day simple moving average is C$0.54 and its 200-day simple moving average is C$0.59.

Pine Cliff Energy (TSE:PNE) last announced its quarterly earnings data on Wednesday, August 12th. The company reported C($0.01) EPS for the quarter. Pine Cliff Energy had a negative return on equity of 27.35% and a negative net margin of 5.45%.The firm had revenue of C$39.46 million for the quarter. On average, sell-side analysts anticipate that Pine Cliff Energy Ltd. will post 0.0099907 EPS for the current fiscal year.

Pine Cliff Energy Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.0013 per share. This represents a $0.02 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, September 15th. Pine Cliff Energy’s dividend payout ratio is currently -75.00%.

About Pine Cliff Energy

Pine Cliff is a natural gas and crude oil company with a long-term view of creating shareholder value.