Birchcliff Energy (OTCMKTS:BIREF) Shares Pass Below 50 Day Moving Average – Here’s Why

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 changing hands.

Birchcliff Energy Trading Down 0.6 %

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.01. The business has a fifty day simple moving average of $3.66 and a 200 day simple moving average of $4.10. The stock has a market capitalization of $946.07 million, a price-to-earnings ratio of 87.52 and a beta of 0.62.

Birchcliff Energy Cuts Dividend

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