Polaris Renewable Energy Inc. (TSE:PIF - Get Free Report) Director Marc Murnaghan purchased 41,500 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was bought at an average price of C$12.49 per share, with a total value of C$518,413.85.
Polaris Renewable Energy Price Performance
PIF stock traded down C$0.13 during trading hours on Thursday, hitting C$12.56. 16,723 shares of the stock traded hands, compared to its average volume of 45,246. The stock has a 50-day simple moving average of C$12.35 and a 200 day simple moving average of C$12.52. Polaris Renewable Energy Inc. has a one year low of C$11.08 and a one year high of C$14.14. The company has a market cap of C$264.76 million, a P/E ratio of 25.38, a P/E/G ratio of 3.28 and a beta of 0.97. The company has a current ratio of 1.86, a quick ratio of 1.64 and a debt-to-equity ratio of 62.63.
Polaris Renewable Energy Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 22nd will be paid 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 yield of 6.46%. Polaris Renewable Energy's dividend payout ratio is currently 164.00%.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on PIF. National Bankshares increased 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 report on Tuesday, July 16th. Raymond James increased their price target on 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.
Get Our Latest Analysis on Polaris Renewable Energy
Polaris Renewable Energy Company Profile
(
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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.
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