Pine Cliff Energy (TSE:PNE) Stock Passes Above 50-Day Moving Average – What’s Next?

Shares of Pine Cliff Energy Ltd. (TSE:PNE) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.96 and traded as high as C$1.01. Pine Cliff Energy shares last traded at C$1.01, with a volume of 154,433 shares changing hands.

Pine Cliff Energy Price Performance

The company has a debt-to-equity ratio of 81.31, a current ratio of 0.50 and a quick ratio of 1.48. The stock has a fifty day simple moving average of C$0.96 and a 200-day simple moving average of C$0.99. The company has a market capitalization of C$361.48 million, a price-to-earnings ratio of -101.00 and a beta of 0.37.

Pine Cliff Energy (TSE:PNE) last posted its earnings results on Thursday, August 8th. The company reported C($0.01) earnings per share (EPS) for the quarter. The firm had revenue of C$46.61 million during the quarter. Pine Cliff Energy had a negative net margin of 2.14% and a negative return on equity of 4.03%. On average, equities research analysts anticipate that Pine Cliff Energy Ltd. will post 0.0099907 EPS for the current year.

Pine Cliff Energy Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be paid a $0.005 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.06 annualized dividend and a dividend yield of 5.94%. Pine Cliff Energy’s dividend payout ratio is presently -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.