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

Polaris Renewable Energy Inc. (TSE:PIF) Director Marc Murnaghan bought 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average cost of C$12.46 per share, for a total transaction of C$24,920.00.

Marc Murnaghan also recently made the following trade(s):

• On Wednesday, November 6th, Marc Murnaghan acquired 41,500 shares of Polaris Renewable Energy stock. The stock was purchased at an average cost of C$12.49 per share, for a total transaction of C$518,413.85.

Polaris Renewable Energy Stock Performance

PIF stock traded up C$0.21 during trading on Friday, hitting C$12.57. 93,159 shares of the company traded hands, compared to its average volume of 45,288. Polaris Renewable Energy Inc. has a 1 year low of C$11.08 and a 1 year high of C$14.14. The company has a market cap of C$264.98 million, a PE ratio of 24.72, a P/E/G ratio of 3.28 and a beta of 0.97. The stock’s 50-day simple moving average is C$12.39 and its 200 day simple moving average is C$12.54. The company has a debt-to-equity ratio of 62.63, a current ratio of 1.86 and a quick ratio of 1.64.

Polaris Renewable Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Monday, November 11th will be issued a dividend of $0.203 per share. This represents a $0.81 dividend on an annualized basis and a yield of 6.46%. The ex-dividend date of this dividend is Friday, November 8th. Polaris Renewable Energy’s dividend payout ratio (DPR) is presently 164.00%.

Wall Street Analyst Weigh In

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

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.