Pine Cliff Energy Ltd (TSE:PNE) Insider Robert Disbrow Acquires 100,000 Shares

Pine Cliff Energy Ltd (TSE:PNE) insider Robert Disbrow acquired 100,000 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was purchased at an average cost of C$0.13 per share, for a total transaction of C$12,500.00. Following the transaction, the insider now owns 22,356,000 shares in the company, valued at C$2,794,500.

Robert Disbrow also recently made the following trade(s):

  • On Friday, June 12th, Robert Disbrow acquired 100,000 shares of Pine Cliff Energy stock. The stock was purchased at an average cost of C$0.15 per share, for a total transaction of C$14,500.00.

TSE:PNE opened at C$0.13 on Friday. The company has a market cap of $44.25 million and a PE ratio of -0.59. Pine Cliff Energy Ltd has a twelve month low of C$0.05 and a twelve month high of C$0.19. The company has a current ratio of 0.73, a quick ratio of 0.59 and a debt-to-equity ratio of 612.28. The company’s 50 day moving average is C$0.14 and its two-hundred day moving average is C$0.13.

Pine Cliff Energy (TSE:PNE) last released its earnings results on Wednesday, May 6th. The company reported C($0.04) earnings per share for the quarter, missing the consensus estimate of C($0.03) by C($0.01). The business had revenue of C$24.65 million for the quarter, compared to the consensus estimate of C$25.00 million. As a group, analysts expect that Pine Cliff Energy Ltd will post -0.0622222 EPS for the current fiscal year.

Separately, Canaccord Genuity dropped their target price on shares of Pine Cliff Energy from C$0.20 to C$0.10 in a research report on Tuesday, March 10th.

About Pine Cliff Energy

Pine Cliff Energy Ltd. engages in the acquisition, exploration, development, and production of natural gas, crude oil, and natural gas liquids in the Western Canadian Sedimentary Basin. The company 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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Insider Buying and Selling by Quarter for Pine Cliff Energy (TSE:PNE)

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