Polaris Renewable Energy (TSE:PIF) Hits New 12-Month High – Should You Buy?

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

Polaris Renewable Energy Stock Performance

The firm has a fifty day moving average of C$13.44 and a 200 day moving average of C$12.65. The firm has a market capitalization of C$319.80 million, a PE ratio of 46.36, a P/E/G ratio of 3.28 and a beta of 0.62. The company has a debt-to-equity ratio of 91.92, a quick ratio of 1.64 and a current ratio of 4.90.

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

Polaris Renewable Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 22nd were paid a $0.15 dividend. The ex-dividend date was Thursday, May 14th. This represents a $0.60 annualized dividend and a dividend yield of 3.9%. Polaris Renewable Energy’s dividend payout ratio is 181.82%.

Insider Buying and Selling at Polaris Renewable Energy

In related news, Director Marc Murnaghan sold 20,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the director directly owned 488,501 shares of the company’s stock, valued at approximately C$6,135,572.56. This trade represents a 3.93% decrease in their position. Insiders have acquired 25,000 shares of company stock valued at $318,100 in the last ninety days. 2.94% of the stock is currently 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).