Polaris Renewable Energy (TSE:PIF) Sets New 1-Year High – Time to Buy?

Shares of 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 traded. The stock had previously closed at C$15.46.

Polaris Renewable Energy Stock Up 2.3%

The company has a quick ratio of 1.64, a current ratio of 4.90 and a debt-to-equity ratio of 91.92. The firm has a 50 day moving average of C$14.41 and a two-hundred day moving average of C$13.11. The firm 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.

Polaris Renewable Energy (TSE:PIF) last issued its earnings results on Thursday, May 7th. The company reported C($0.04) EPS for the quarter. The business had revenue of C$27.48 million for the quarter. Polaris Renewable Energy had a return on equity of 2.96% and a net margin of 9.00%. As a group, sell-side analysts anticipate that Polaris Renewable Energy Inc. will post 0.6481187 EPS for the current fiscal year.

Polaris Renewable Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 22nd were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.60 annualized dividend and a dividend yield of 3.8%. Polaris Renewable Energy’s payout ratio is 181.82%.

Insider Transactions at Polaris Renewable Energy

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

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).