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

Pine Cliff Energy Ltd. (TSE:PNE)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.87 and traded as high as C$0.89. Pine Cliff Energy shares last traded at C$0.89, with a volume of 213,410 shares trading hands.

Pine Cliff Energy Price Performance

The business has a 50 day moving average of C$0.87 and a 200 day moving average of C$0.94. 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 company has a market cap of C$318.53 million, a PE ratio of -89.00 and a beta of 0.37.

Pine Cliff Energy Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.005 per share. The ex-dividend date is Monday, December 16th. This represents a $0.06 annualized dividend and a yield of 6.74%. Pine Cliff Energy’s payout ratio is -600.00%.

About Pine Cliff Energy

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.