Polaris Renewable Energy Inc. (TSE:PIF) Director Marc Murnaghan Acquires 41,500 Shares

Polaris Renewable Energy Inc. (TSE:PIF) Director Marc Murnaghan purchased 41,500 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was acquired at an average price of C$12.49 per share, with a total value of C$518,413.85.

Polaris Renewable Energy Price Performance

Polaris Renewable Energy stock opened at C$12.37 on Friday. The company has a current ratio of 1.86, a quick ratio of 1.64 and a debt-to-equity ratio of 62.63. The company has a fifty day simple moving average of C$12.37 and a 200-day simple moving average of C$12.53. The stock has a market cap of C$260.76 million, a P/E ratio of 24.74, a price-to-earnings-growth ratio of 3.28 and a beta of 0.97. Polaris Renewable Energy Inc. has a 12-month low of C$11.08 and a 12-month high of C$14.14.

Polaris Renewable Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Monday, November 11th will be given a dividend of $0.203 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.81 annualized dividend and a dividend yield of 6.56%. Polaris Renewable Energy’s dividend payout ratio is currently 164.00%.

Analyst Upgrades and Downgrades

PIF has been the subject of several analyst reports. National Bankshares boosted their target price on Polaris Renewable Energy from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. Raymond James upped their target price on shares of Polaris Renewable Energy from C$19.00 to C$21.00 and gave the stock a “strong-buy” rating in a research note on Friday, November 1st.

About Polaris Renewable Energy

Polaris Renewable Energy Inc engages in the acquisition, exploration, development, and operation of renewable energy projects in Latin America. It operates 82 megawatts (MW) net geothermal facility in Nicaragua; and 3 run-of-river hydroelectric facilities in Peru, with combined capacity of approximately 33 MW; a 25 MW solar plant facility in the Dominican Republic; a 6 MW run-of-river hydroelectric facility in Ecuador; and a 10 MW solar plant in Panama.