Pine Cliff Energy (TSE:PNE) Director Buys C$41,000.00 in Stock

Pine Cliff Energy Ltd. (TSE:PNE) Director Robert Brent Fryk purchased 50,000 shares of the firm’s stock in a transaction on Friday, November 14th. The shares were acquired at an average cost of C$0.82 per share, for a total transaction of C$41,000.00. Following the completion of the acquisition, the director owned 100,000 shares of the company’s stock, valued at approximately C$82,000. This trade represents a 100.00% increase in their ownership of the stock.

Robert Brent Fryk also recently made the following trade(s):

• On Tuesday, November 18th, Robert Brent Fryk acquired 500 shares of Pine Cliff Energy stock. The shares were bought at an average price of C$0.79 per share, for a total transaction of C$395.00.
• On Tuesday, November 18th, Robert Brent Fryk purchased 24,500 shares of Pine Cliff Energy stock. The stock was bought at an average price of C$0.81 per share, for a total transaction of C$19,845.00.

Pine Cliff Energy Price Performance

TSE:PNE opened at C$0.89 on Tuesday. The company has a current ratio of 0.47, a quick ratio of 1.48 and a debt-to-equity ratio of 76.74. The company has a market capitalization of C$319.32 million, a P/E ratio of -14.83 and a beta of -0.25. Pine Cliff Energy Ltd. has a 12 month low of C$0.51 and a 12 month high of C$0.98. The business’s 50-day moving average is C$0.80 and its 200 day moving average is C$0.70.

Pine Cliff Energy (TSE:PNE) last released its quarterly earnings results on Wednesday, November 5th. The company reported C($0.02) earnings per share (EPS) for the quarter. The business had revenue of C$37.61 million for the quarter. Pine Cliff Energy had a negative net margin of 8.28% and a negative return on equity of 18.45%. On average, equities research analysts forecast that Pine Cliff Energy Ltd. will post 0.0099907 earnings per share for the current fiscal year.

Pine Cliff Energy Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.0013 per share. This represents a c) dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, December 15th. Pine Cliff Energy’s payout ratio is currently -56.25%.

Pine Cliff Energy Company Profile

Pine Cliff Energy Ltd is a Canadian natural gas focused, exploration and production company. It is mainly engaged in the exploration, development, and production of natural gas, crude oil, and natural gas liquids. The company owns a Western Canadian Sedimentary Basin, Ghost Pine/Three Hills and Camrose/Viking areas of Central Alberta, several gas assets in Southeast Alberta and Southwest Saskatchewan, non-operated properties in the Sundance, Harmattan, and Garrington areas of Alberta and others.