Marc Murnaghan Buys 2,000 Shares of Polaris Renewable Energy (TSE:PIF) Stock

Polaris Renewable Energy Inc. (TSE:PIF) Director Marc Murnaghan bought 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The stock was acquired at an average price of C$14.05 per share, for a total transaction of C$28,100.00. Following the completion of the acquisition, the director directly owned 4,000 shares in the company, valued at approximately C$56,200. This represents a 100.00% increase in their ownership of the stock.

Polaris Renewable Energy Trading Down 0.3%

Shares of TSE:PIF opened at C$13.85 on Thursday. The company has a debt-to-equity ratio of 93.21, a quick ratio of 1.64 and a current ratio of 4.75. The stock has a market capitalization of C$289.40 million, a price-to-earnings ratio of 72.89, a PEG ratio of 3.28 and a beta of 0.56. Polaris Renewable Energy Inc. has a 1-year low of C$11.55 and a 1-year high of C$16.08. The company has a 50 day moving average price of C$14.96 and a 200 day moving average price of C$13.79.

Polaris Renewable Energy (TSE:PIF) last posted its quarterly earnings results on Thursday, July 30th. The company reported C($0.06) earnings per share (EPS) for the quarter. The company had revenue of C$28.32 million during the quarter. Polaris Renewable Energy had a net margin of 5.34% and a return on equity of 1.73%. On average, research analysts anticipate that Polaris Renewable Energy Inc. will post 0.6481187 EPS for the current fiscal year.

Polaris Renewable Energy Dividend Announcement

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

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).