Birchcliff Energy (OTCMKTS:BIREF) Share Price Crosses Below Fifty Day Moving Average – Time to Sell?

Shares of Birchcliff Energy Ltd. (OTCMKTS:BIREF) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $3.66 and traded as low as $3.50. Birchcliff Energy shares last traded at $3.50, with a volume of 14,451 shares traded.

Birchcliff Energy Price Performance

The firm has a market cap of $946.07 million, a price-to-earnings ratio of 87.52 and a beta of 0.62. The company’s fifty day moving average is $3.64 and its 200 day moving average is $4.09. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.22.

Birchcliff Energy Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a dividend of $0.0714 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a dividend yield of 8.06%. Birchcliff Energy’s dividend payout ratio is 725.00%.

About Birchcliff Energy

Birchcliff Energy Ltd., an intermediate oil and natural gas company, explores for, develops, and produces natural gas, light oil, condensate, and other natural gas liquids in Western Canada. The company holds interests in the areas of Montney/Doig Resource Play, including the Pouce Coupe and Gordondale properties in Alberta.