Polaris Renewable Energy (TSE:PIF) Stock Price Up 0.3% – Here’s Why

Polaris Renewable Energy Inc. (TSE:PIF) was up 0.3% during trading on Monday . The stock traded as high as C$13.10 and last traded at C$12.92. Approximately 15,406 shares traded hands during trading, a decline of 66% from the average daily volume of 44,826 shares. The stock had previously closed at C$12.88.

Analyst Ratings Changes

Separately, Raymond James raised their price objective on shares of Polaris Renewable Energy from C$19.00 to C$21.00 and gave the company a “strong-buy” rating in a report on Friday, November 1st.

Polaris Renewable Energy Price Performance

The company has a market capitalization of C$274.25 million, a price-to-earnings ratio of 26.02, a PEG ratio of 3.28 and a beta of 0.97. The company has a current ratio of 1.86, a quick ratio of 1.64 and a debt-to-equity ratio of 62.63. The firm’s 50 day simple moving average is C$12.66 and its 200-day simple moving average is C$12.65.

Polaris Renewable Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were given a $0.203 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.81 dividend on an annualized basis and a yield of 6.24%. Polaris Renewable Energy’s payout ratio is currently 164.00%.

Insider Buying and Selling at Polaris Renewable Energy

In related news, Director Marc Murnaghan purchased 41,500 shares of the stock in a transaction dated Wednesday, November 6th. The shares were acquired at an average cost of C$12.49 per share, with a total value of C$518,413.85. 2.94% of the stock is owned by corporate insiders.

Polaris Renewable Energy Company Profile

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.