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

Polaris Renewable Energy Inc. (TSE:PIF) Director Marc Murnaghan acquired 2,000 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were bought at an average cost of C$12.46 per share, with a total value of C$24,920.00.

Marc Murnaghan also recently made the following trade(s):

• On Wednesday, November 6th, Marc Murnaghan bought 41,500 shares of Polaris Renewable Energy stock. The shares were purchased at an average cost of C$12.49 per share, for a total transaction of C$518,413.85.

Polaris Renewable Energy Stock Up 1.5 %

PIF opened at C$12.55 on Friday. The company has a debt-to-equity ratio of 62.63, a current ratio of 1.86 and a quick ratio of 1.64. Polaris Renewable Energy Inc. has a 12 month low of C$11.08 and a 12 month high of C$14.14. The stock’s 50 day moving average price is C$12.40 and its 200 day moving average price is C$12.55. The stock has a market cap of C$264.55 million, a P/E ratio of 25.10, a P/E/G ratio of 3.28 and a beta of 0.97.

Polaris Renewable Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Monday, November 11th will be issued a $0.203 dividend. This represents a $0.81 annualized dividend and a yield of 6.47%. The ex-dividend date is Friday, November 8th. Polaris Renewable Energy’s payout ratio is currently 164.00%.

Wall Street Analysts Forecast Growth

Separately, Raymond James lifted their target price on Polaris Renewable Energy from C$19.00 to C$21.00 and gave the company a “strong-buy” rating in a research note on Friday, November 1st.

About Polaris Renewable Energy

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.