Polaris Renewable Energy (TSE:PIF) Shares Climb 2.1% – Here’s What Happened

Polaris Renewable Energy Inc. (TSE:PIF) rose 2.1% on Friday. The company traded as high as C$14.00 and last traded at C$13.85. 94,689 shares were traded during trading, an increase of 160% from the average daily volume of 36,454 shares. The stock had previously closed at C$13.56.

Polaris Renewable Energy Stock Up 2.1%

The company has a current ratio of 4.75, a quick ratio of 1.64 and a debt-to-equity ratio of 93.21. The firm’s fifty day moving average price is C$13.80 and its 200-day moving average price is C$13.56. The company has a market cap of C$289.40 million, a price-to-earnings ratio of 72.89, a price-to-earnings-growth ratio of 3.28 and a beta of 0.53.

Polaris Renewable Energy (TSE:PIF) last posted its earnings results on Thursday, November 5th. The company reported C($0.48) earnings per share for the quarter. Polaris Renewable Energy had a return on equity of 1.73% and a net margin of 5.34%. The business had revenue of C$27.06 million for the quarter. During the same quarter in the previous year, the company posted ($0.02) EPS. Sell-side analysts predict that Polaris Renewable Energy Inc. will post 0.65 earnings per share for the current year.

Polaris Renewable Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 21st were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.3%. Polaris Renewable Energy’s dividend payout ratio (DPR) is currently 315.79%.

Insider Buying and Selling at Polaris Renewable Energy

In other Polaris Renewable Energy news, Director Marc Murnaghan acquired 2,000 shares of the business’s stock in a transaction dated Tuesday, September 15th. The shares were acquired at an average price of C$14.05 per share, for a total transaction of C$28,100.00. Following the acquisition, the director directly owned 4,000 shares of the company’s stock, valued at approximately C$56,200. This trade represents a 100.00% increase in their position. 2.94% of the stock is owned by company 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).