Polaris Renewable Energy Inc. (TSE:PIF - Get Free Report) passed 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 traded.
Analysts Set New Price Targets
Separately, Raymond James increased 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.
Check Out Our Latest Stock Analysis on PIF
Polaris Renewable Energy Price Performance
The company has a quick ratio of 1.64, a current ratio of 1.86 and a debt-to-equity ratio of 62.63. The firm's fifty day moving average price is C$12.93 and its 200 day moving average price is C$12.63. The stock has a market cap of C$276.15 million, a PE ratio of 26.20, a P/E/G ratio of 3.28 and a beta of 0.97.
Polaris Renewable Energy Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were paid a $0.203 dividend. This represents a $0.81 annualized dividend and a yield of 6.20%. The ex-dividend date was Friday, November 8th. Polaris Renewable Energy's payout ratio is currently 164.00%.
Insider Activity
In other Polaris Renewable Energy news, Director Marc Murnaghan acquired 41,500 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was acquired at an average cost of C$12.49 per share, with a total value of C$518,413.85. Company insiders own 2.94% of the company's stock.
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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