Polaris Renewable Energy (TSE:PIF) Director Marc Murnaghan Purchases 2,000 Shares of Stock

Polaris Renewable Energy Inc. (TSE:PIF) Director Marc Murnaghan purchased 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were bought at an average cost of C$14.05 per share, with a total value of C$28,100.00. Following the completion of the acquisition, the director owned 4,000 shares of the company’s stock, valued at approximately C$56,200. This trade represents a 100.00% increase in their ownership of the stock.

Polaris Renewable Energy Stock Performance

TSE:PIF traded down C$0.07 during midday trading on Tuesday, reaching C$13.89. The stock had a trading volume of 11,683 shares, compared to its average volume of 39,249. The company has a quick ratio of 1.64, a current ratio of 4.75 and a debt-to-equity ratio of 93.21. The stock has a market cap of C$290.23 million, a P/E ratio of 73.11, a P/E/G ratio of 3.28 and a beta of 0.56. The firm has a fifty day simple moving average of C$15.00 and a two-hundred day simple moving average of C$13.78. Polaris Renewable Energy Inc. has a 12-month low of C$11.55 and a 12-month high of C$16.08.

Polaris Renewable Energy (TSE:PIF) last announced its quarterly earnings data on Thursday, July 30th. The company reported C($0.06) EPS for the quarter. Polaris Renewable Energy had a return on equity of 1.73% and a net margin of 5.34%.The firm had revenue of C$28.32 million for the quarter. On average, equities analysts expect that Polaris Renewable Energy Inc. will post 0.6481187 EPS for the current year.

Polaris Renewable Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 21st were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Monday, August 10th. Polaris Renewable Energy’s dividend payout ratio is currently 315.79%.

About Polaris Renewable Energy

Polaris Renewable Energy Inc is a Canadian publicly traded company engaged in the acquisition, development, and operation of renewable energy projects in Latin America & the Caribbean. We are a high-performing and financially sound contributor to the energy transition. The Company’s operations include a geothermal plant (82 MW), four run-of river hydroelectric plants (39 MW), three solar (photovoltaic) projects (35 MW) and an onshore wind farm (26 MW).