Polaris Renewable Energy Inc. (TSE:PIF - Get Free Report) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$12.93 and traded as high as C$13.40. Polaris Renewable Energy shares last traded at C$13.21, with a volume of 31,342 shares changing hands.
Wall Street Analyst Weigh In
Separately, Raymond James raised 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 report on Friday, November 1st.
Read Our Latest Stock Analysis on Polaris Renewable Energy
Polaris Renewable Energy Stock Performance
The business has a 50-day moving average of C$12.93 and a 200 day moving average of C$12.63. The company has a debt-to-equity ratio of 62.63, a current ratio of 1.86 and a quick ratio of 1.64. The company has a market cap of C$276.15 million, a PE ratio of 26.20, a PEG ratio of 3.28 and a beta of 0.97.
Polaris Renewable Energy Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were given a dividend of $0.203 per share. This represents a $0.81 annualized dividend and a dividend yield of 6.20%. The ex-dividend date was Friday, November 8th. Polaris Renewable Energy's payout ratio is currently 164.00%.
Insider Buying and Selling
In related news, Director Marc Murnaghan acquired 41,500 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were purchased at an average price of C$12.49 per share, with a total value of C$518,413.85. 2.94% of the stock is currently owned by insiders.
Polaris Renewable Energy Company Profile
(
Get Free Report)
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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