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

Pine Cliff Energy Ltd. (TSE:PNE) declared a monthly dividend on Wednesday, January 15th,TickerTech Dividends reports. Shareholders of record on Wednesday, January 15th will be given a dividend of 0.005 per share on Wednesday, January 15th. This represents a $0.06 annualized dividend and a yield of 6.45%. The ex-dividend date of this dividend is Wednesday, January 15th.

Pine Cliff Energy Stock Performance

TSE:PNE opened at C$0.93 on Monday. 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 firm has a market capitalization of C$332.85 million, a price-to-earnings ratio of -93.00 and a beta of 0.37. The company’s 50-day moving average is C$0.87 and its two-hundred day moving average is C$0.93. Pine Cliff Energy has a 1-year low of C$0.75 and a 1-year high of C$1.48.

Insider Buying and Selling at Pine Cliff Energy

In related news, Director Robert Brent Fryk acquired 68,500 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The shares were purchased at an average cost of C$0.80 per share, for a total transaction of C$54,731.50. Insiders have bought 103,500 shares of company stock worth $83,967 in the last ninety days. 10.97% of the stock is owned by insiders.

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.