Marc Murnaghan Acquires 7,500 Shares of Polaris Renewable Energy Inc. (TSE:PIF) Stock

Polaris Renewable Energy Inc. (TSE:PIF) Director Marc Murnaghan bought 7,500 shares of the business’s stock in a transaction on Thursday, June 12th. The shares were acquired at an average price of C$11.98 per share, for a total transaction of C$89,850.00.

Polaris Renewable Energy Price Performance

TSE PIF opened at C$12.03 on Friday. The business’s fifty day moving average price is C$11.79 and its 200-day moving average price is C$12.28. The stock has a market capitalization of C$178.79 million, a price-to-earnings ratio of 24.92, a PEG ratio of 3.28 and a beta of 0.97. The company has a debt-to-equity ratio of 57.48, a current ratio of 1.82 and a quick ratio of 1.64. Polaris Renewable Energy Inc. has a 1-year low of C$10.70 and a 1-year high of C$13.66.

Polaris Renewable Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 23rd were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 4.99%. Polaris Renewable Energy’s payout ratio is 169.88%.

Analyst Upgrades and Downgrades

PIF has been the topic of several recent analyst reports. Raymond James Financial downgraded Polaris Renewable Energy from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, May 1st. National Bank Financial upgraded Polaris Renewable Energy to a “strong-buy” rating in a research note on Sunday, June 8th.

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.