Polaris Renewable Energy (TSE:PIF) Reaches New 52-Week High – Still a Buy?

Polaris Renewable Energy Inc. (TSE:PIF) shares hit a new 52-week high during trading on Monday . The stock traded as high as C$15.16 and last traded at C$15.13, with a volume of 44321 shares traded. The stock had previously closed at C$14.89.

Polaris Renewable Energy Price Performance

The stock has a fifty day moving average of C$13.35 and a two-hundred day moving average of C$12.61. The stock has a market capitalization of C$315.62 million, a price-to-earnings ratio of 45.76, a PEG ratio of 3.28 and a beta of 0.62. The company has a current ratio of 4.90, a quick ratio of 1.64 and a debt-to-equity ratio of 91.92.

Polaris Renewable Energy (TSE:PIF) last issued its quarterly earnings data on Thursday, May 7th. The company reported C($0.04) earnings per share (EPS) for the quarter. The business had revenue of C$27.48 million during the quarter. Polaris Renewable Energy had a net margin of 9.00% and a return on equity of 2.96%. As a group, equities research analysts forecast that Polaris Renewable Energy Inc. will post 0.6481187 earnings per share for the current year.

Polaris Renewable Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 22nd were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Thursday, May 14th. Polaris Renewable Energy’s payout ratio is currently 181.82%.

Insider Transactions at Polaris Renewable Energy

In related news, Director Marc Murnaghan sold 20,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of C$12.56, for a total transaction of C$251,200.00. Following the transaction, the director owned 488,501 shares in the company, valued at C$6,135,572.56. This represents a 3.93% decrease in their position. In the last 90 days, insiders have bought 25,000 shares of company stock worth $318,100. 2.94% of the stock is owned by corporate insiders.

Polaris Renewable Energy Company Profile

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).