Polaris Renewable Energy Inc. (TSE:PIF - Get Free Report) announced a quarterly dividend on Friday, February 14th,TickerTech Dividends reports. Shareholders of record on Friday, February 28th will be given a dividend of 0.15 per share on Friday, February 28th. This represents a $0.60 annualized dividend and a yield of 4.83%. The ex-dividend date is Friday, February 14th.
Polaris Renewable Energy Trading Down 2.0 %
Polaris Renewable Energy stock traded down C$0.25 during trading hours on Friday, hitting C$12.42. The company had a trading volume of 32,399 shares, compared to its average volume of 32,761. The company has a 50-day moving average price of C$13.03 and a two-hundred day moving average price of C$12.61. The firm has a market cap of C$184.58 million, a P/E ratio of 25.73, a P/E/G ratio of 3.28 and a beta of 0.97. Polaris Renewable Energy has a 1 year low of C$11.08 and a 1 year high of C$13.85. The company has a debt-to-equity ratio of 57.48, a quick ratio of 1.64 and a current ratio of 1.82.
Insider Activity at Polaris Renewable Energy
In related news, Director Marc Murnaghan sold 2,301 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of C$12.52, for a total transaction of C$28,808.52. 2.94% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Several research firms have commented on PIF. Raymond James raised their price objective on Polaris Renewable Energy from C$19.00 to C$21.00 and gave the stock a "strong-buy" rating in a report on Friday, November 1st. National Bankshares lowered their price objective on shares of Polaris Renewable Energy from C$23.00 to C$22.00 and set an "outperform" rating for the company in a research note on Tuesday, February 11th. Finally, Cormark upped their price objective on shares of Polaris Renewable Energy from C$23.50 to C$25.00 in a research note on Thursday, January 30th.
Check Out Our Latest Stock Report on Polaris Renewable Energy
About Polaris Renewable Energy
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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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