Pine Cliff Energy (TSE:PNE) Reaches New 52-Week Low – Should You Sell?

Shares of Pine Cliff Energy Ltd. (TSE:PNE) reached a new 52-week low during trading on Thursday . The stock traded as low as C$0.79 and last traded at C$0.80, with a volume of 225161 shares trading hands. The stock had previously closed at C$0.80.

Pine Cliff Energy Price Performance

The firm’s fifty day moving average price is C$0.89 and its 200 day moving average price is C$0.94. The firm has a market capitalization of C$279.16 million, a PE ratio of -78.00 and a beta of 0.37. The company has a current ratio of 0.50, a quick ratio of 1.48 and a debt-to-equity ratio of 81.31.

Pine Cliff Energy Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.005 per share. The ex-dividend date is Monday, December 16th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 7.69%. Pine Cliff Energy’s payout ratio is currently -600.00%.

Pine Cliff Energy Company Profile

Pine Cliff Energy Ltd. engages in the acquisition, exploration, development, and production of natural gas and crude oil in the Western Canadian Sedimentary Basin. The company primarily holds interest in oil and gas properties in the Viking and Ghost Pine area of Central Alberta, as well as in the Southern Alberta, Southern Saskatchewan, and Edson areas.