Pine Cliff Energy Ltd. (TSE:PNE) Declares Monthly Dividend of $0.01

Pine Cliff Energy Ltd. (TSE:PNE) announced a monthly dividend on Friday, February 14th,TickerTech Dividends reports. Stockholders of record on Friday, February 28th will be paid a dividend of 0.005 per share on Friday, February 28th. This represents a $0.06 annualized dividend and a dividend yield of 6.82%. The ex-dividend date is Friday, February 14th.

Pine Cliff Energy Price Performance

TSE PNE traded up C$0.01 during mid-day trading on Wednesday, hitting C$0.88. The stock had a trading volume of 186,201 shares, compared to its average volume of 217,308. The company has a 50 day simple moving average of C$0.89 and a 200 day simple moving average of C$0.92. The company has a quick ratio of 1.48, a current ratio of 0.50 and a debt-to-equity ratio of 81.31. The company has a market cap of C$314.95 million, a price-to-earnings ratio of -88.00 and a beta of 0.37. Pine Cliff Energy has a 52-week low of C$0.75 and a 52-week high of C$1.28.

Insider Buying and Selling

In related news, Director Robert Brent Fryk purchased 68,500 shares of the company’s stock in a transaction on Tuesday, December 24th. The stock was bought at an average price of C$0.80 per share, with a total value of C$54,731.50. Insiders have acquired 103,500 shares of company stock worth $83,967 in the last three months. Corporate insiders own 10.97% of the company’s stock.

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.