Pine Cliff Energy (TSE:PNE) Reaches New 1-Year Low – Here’s Why

Pine Cliff Energy Ltd. (TSE:PNE) hit a new 52-week low during trading on Tuesday. The company traded as low as C$0.51 and last traded at C$0.51, with a volume of 194,901 shares trading hands. The stock had previously closed at C$0.52.

Pine Cliff Energy Price Performance

The company has a current ratio of 0.58, a quick ratio of 1.48 and a debt-to-equity ratio of 175.37. The company’s fifty day simple moving average is C$0.53 and its 200-day simple moving average is C$0.60. The stock has a market cap of C$179.40 million, a P/E ratio of -25.00 and a beta of 0.27.

Pine Cliff Energy (TSE:PNE) last released its quarterly earnings data on Thursday, November 5th. The company reported C($0.01) earnings per share (EPS) for the quarter. The company had revenue of C$41.54 million for the quarter. Pine Cliff Energy had a negative return on equity of 21.43% and a negative net margin of 3.82%. As a group, sell-side analysts forecast that Pine Cliff Energy Ltd. will post 0.01 EPS for the current year.

Pine Cliff Energy Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 30th will be issued a $0.0013 dividend. The ex-dividend date is Monday, November 16th. This represents a $0.02 annualized dividend and a yield of 3.1%. Pine Cliff Energy’s dividend payout ratio (DPR) is currently -75.00%.

Pine Cliff Energy Company Profile

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