Pine Cliff Energy (TSE:PNE) Shares Cross Above 50-Day Moving Average – Should You Sell?

by · The Markets Daily

Shares of Pine Cliff Energy Ltd. (TSE:PNE – Get Free Report) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.77 and traded as high as C$0.89. Pine Cliff Energy shares last traded at C$0.89, with a volume of 633,591 shares.

Pine Cliff Energy Trading Up 2.3%

The stock has a market capitalization of C$319.32 million, a price-to-earnings ratio of -14.83 and a beta of -0.25. The company’s 50 day moving average is C$0.77 and its 200 day moving average is C$0.68. The company has a debt-to-equity ratio of 76.74, a quick ratio of 1.48 and a current ratio of 0.47.

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

Pine Cliff Energy Dividend Announcement

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

Pine Cliff Energy Company Profile

(Get Free Report)

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.

See Also