Pine Cliff Energy Ltd (TSE:PNE) PT Lowered to C$0.80 at TD Securities

Pine Cliff Energy Ltd (TSE:PNE) had its price objective trimmed by TD Securities from C$0.85 to C$0.80 in a report released on Friday morning. The firm currently has a hold rating on the stock.

Shares of Pine Cliff Energy (TSE:PNE) opened at 0.71 on Friday. The firm has a 50-day moving average price of $0.72 and a 200 day moving average price of $0.77. The stock’s market cap is $150.38 million. Pine Cliff Energy has a 52-week low of $0.65 and a 52-week high of $1.22.

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In other Pine Cliff Energy news, insider George Frederick Fink purchased 59,000 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The shares were purchased at an average cost of C$0.85 per share, for a total transaction of C$50,150.00. Also, insider Robert Disbrow purchased 50,000 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The stock was acquired at an average price of C$0.69 per share, for a total transaction of C$34,500.00. Insiders acquired a total of 321,500 shares of company stock worth $241,675 over the last quarter.

Pine Cliff Energy Company Profile

Pine Cliff Energy Ltd. engages in the acquisition, exploration for, 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 core area and Edson core area; and oil and natural gas assets in the Viking and Ghost Pine area of Central Alberta.

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