Pine Cliff Energy (TSE:PNE) Hits New 1-Year Low – Should You Sell?

Pine Cliff Energy Ltd. (TSE:PNE) reached a new 52-week low during trading on Wednesday. The company traded as low as C$0.51 and last traded at C$0.52, with a volume of 157,300 shares. The stock had previously closed at C$0.52.

Pine Cliff Energy Stock Up 1.9%

The company’s 50-day moving average is C$0.54 and its 200 day moving average is C$0.61. The company has a market capitalization of C$190.16 million, a PE ratio of -26.50 and a beta of 0.27. The company has a debt-to-equity ratio of 157.85, a quick ratio of 1.48 and a current ratio of 0.54.

Pine Cliff Energy (TSE:PNE) last posted its earnings results on Wednesday, August 12th. The company reported C($0.01) EPS for the quarter. The business had revenue of C$39.46 million during the quarter. Pine Cliff Energy had a negative return on equity of 27.35% and a negative net margin of 5.45%. As a group, analysts anticipate that Pine Cliff Energy Ltd. will post 0.01 EPS for the current year.

Pine Cliff Energy Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Friday, October 30th were paid a $0.0013 dividend. This represents a $0.02 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Thursday, October 15th. Pine Cliff Energy’s dividend payout ratio is -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.