Marc Murnaghan Acquires 1,000 Shares of Polaris Renewable Energy (TSE:PIF) Stock

Polaris Renewable Energy Inc. (TSE:PIF) Director Marc Murnaghan bought 1,000 shares of Polaris Renewable Energy stock in a transaction on Thursday, October 30th. The stock was acquired at an average price of C$18.45 per share, with a total value of C$18,450.00. Following the completion of the purchase, the director directly owned 2,000 shares of the company’s stock, valued at approximately C$36,900. The trade was a 100.00% increase in their ownership of the stock.

Polaris Renewable Energy Price Performance

TSE PIF opened at C$12.66 on Wednesday. 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 stock has a market capitalization of C$265.66 million, a PE ratio of -23.44, a price-to-earnings-growth ratio of 3.28 and a beta of 0.48. The company has a 50 day moving average price of C$13.45 and a two-hundred day moving average price of C$12.54. Polaris Renewable Energy Inc. has a 12-month low of C$10.70 and a 12-month high of C$14.20.

Polaris Renewable Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, November 21st will be paid a $0.15 dividend. The ex-dividend date is Monday, November 10th. This represents a $0.60 dividend on an annualized basis and a yield of 4.7%. Polaris Renewable Energy’s payout ratio is -111.11%.

Wall Street Analyst Weigh In

Separately, Cormark cut shares of Polaris Renewable Energy from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Strong Buy” and a consensus target price of C$23.50.

About Polaris Renewable Energy

Polaris Infrastructure Inc is engaged in the acquisition, exploration, development and operation of geothermal and hydroelectric energy projects. The company, through its subsidiaries, owns and operates a 72-megawatt capacity geothermal facility (the San Jacinto Project), located in northwest Nicaragua.