Shares of Pine Cliff Energy Ltd. (TSE:PNE – Get Rating) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$1.30 and traded as high as C$1.30. Pine Cliff Energy shares last traded at C$1.29, with a volume of 318,466 shares traded.
Wall Street Analyst Weigh In
A number of brokerages recently commented on PNE. Stifel Nicolaus dropped their price target on Pine Cliff Energy from C$1.80 to C$1.70 in a research note on Wednesday, May 3rd. Canaccord Genuity Group lowered their target price on Pine Cliff Energy from C$1.85 to C$1.60 in a research report on Wednesday, March 29th.
Pine Cliff Energy Stock Performance
The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.48 and a current ratio of 2.28. The business’s fifty day moving average price is C$1.30 and its two-hundred day moving average price is C$1.45. The stock has a market capitalization of C$452.67 million, a P/E ratio of 4.30 and a beta of 0.79.
Pine Cliff Energy Announces Dividend
Pine Cliff Energy Company Profile
Pine Cliff Energy Ltd. engages in the acquisition, exploration, development, and production of natural gas and oil in the Western Canadian Sedimentary Basin. It primarily holds interests in natural gas assets in the Southern and Edson areas; and oil and natural gas assets in the Viking Kinsella and Ghost Pine area of Central Alberta.
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