Polaris Renewable Energy (TSE:PIF) Sets New 52-Week High – What’s Next?

Polaris Renewable Energy Inc. (TSE:PIF) hit a new 52-week high on Friday . The stock traded as high as C$15.76 and last traded at C$15.94, with a volume of 89520 shares changing hands. The stock had previously closed at C$15.46.

Polaris Renewable Energy Trading Up 2.3%

The company has a debt-to-equity ratio of 91.92, a quick ratio of 1.64 and a current ratio of 4.90. The company has a market capitalization of C$330.67 million, a price-to-earnings ratio of 47.94, a price-to-earnings-growth ratio of 3.28 and a beta of 0.54. The firm has a fifty day moving average price of C$14.41 and a 200-day moving average price of C$13.11.

Polaris Renewable Energy (TSE:PIF) last posted its quarterly earnings results on Thursday, May 7th. The company reported C($0.04) EPS for the quarter. The company 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 analysts anticipate 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, May 22nd. Stockholders of record on Friday, May 22nd were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Thursday, May 14th. Polaris Renewable Energy’s dividend payout ratio is 181.82%.

Insider Activity

In other news, Director Marc Murnaghan purchased 5,000 shares of Polaris Renewable Energy stock in a transaction that occurred on Tuesday, May 26th. The shares were acquired at an average price of C$12.90 per share, for a total transaction of C$64,500.00. Following the transaction, the director owned 513,501 shares of the company’s stock, valued at approximately C$6,624,162.90. The trade was a 0.98% increase in their position. In the last quarter, insiders have purchased 25,000 shares of company stock worth $318,100. Company insiders own 2.94% of the company’s stock.

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).