Polaris Renewable Energy Inc. (TSE:PIF) Director Sells C$28,808.52 in Stock

Polaris Renewable Energy Inc. (TSE:PIF - Get Free Report) Director Marc Murnaghan sold 2,301 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of C$12.52, for a total value of C$28,808.52.

Polaris Renewable Energy Stock Down 0.1 %

Shares of PIF traded down C$0.01 on Tuesday, hitting C$12.41. The company's stock had a trading volume of 7,147 shares, compared to its average volume of 31,970. The company has a quick ratio of 1.64, a current ratio of 1.82 and a debt-to-equity ratio of 57.48. The firm's fifty day moving average price is C$13.01 and its 200-day moving average price is C$12.61. Polaris Renewable Energy Inc. has a fifty-two week low of C$11.08 and a fifty-two week high of C$13.85. The firm has a market capitalization of C$184.43 million, a price-to-earnings ratio of 25.71, a P/E/G ratio of 3.28 and a beta of 0.97.

Polaris Renewable Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 28th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.60 annualized dividend and a dividend yield of 4.83%. Polaris Renewable Energy's dividend payout ratio is presently 169.88%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on PIF shares. Cormark boosted their target price on Polaris Renewable Energy from C$23.50 to C$25.00 in a research report on Thursday, January 30th. National Bankshares decreased their target price on Polaris Renewable Energy from C$23.00 to C$22.00 and set an "outperform" rating for the company in a research report on Tuesday, February 11th. Finally, Raymond James boosted their target price on Polaris Renewable Energy from C$19.00 to C$21.00 and gave the stock a "strong-buy" rating in a research report on Friday, November 1st.

Polaris Renewable Energy Company Profile

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.