Polaris Renewable Energy (TSE:PIF) Director Marc Murnaghan Sells 10,000 Shares of Stock

Polaris Renewable Energy Inc. (TSE:PIF) Director Marc Murnaghan sold 10,000 shares of the business’s stock in a transaction on Friday, November 6th. The stock was sold at an average price of C$13.74, for a total transaction of C$137,400.00. Following the completion of the sale, the director directly owned 504,524 shares in the company, valued at approximately C$6,932,159.76. This represents a 1.94% decrease in their position.

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

• On Tuesday, September 15th, Marc Murnaghan bought 2,000 shares of Polaris Renewable Energy stock. The shares were acquired at an average price of C$14.05 per share, with a total value of C$28,100.00.

Polaris Renewable Energy Stock Up 1.7%

Polaris Renewable Energy stock opened at C$14.08 on Tuesday. The company has a market cap of C$294.20 million, a P/E ratio of 74.11, a price-to-earnings-growth ratio of 3.28 and a beta of 0.53. 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 fifty day simple moving average of C$13.80 and a 200 day simple moving average of C$13.56. The company has a current ratio of 4.75, a quick ratio of 1.64 and a debt-to-equity ratio of 93.21.

Polaris Renewable Energy (TSE:PIF) last issued its quarterly earnings results on Thursday, November 5th. The company reported C($0.48) earnings per share (EPS) for the quarter. Polaris Renewable Energy had a net margin of 5.34% and a return on equity of 1.73%. The business had revenue of C$27.06 million during the quarter. During the same quarter in the prior year, the firm earned ($0.02) EPS. Research analysts anticipate that Polaris Renewable Energy Inc. will post 0.65 earnings per share for the current fiscal year.

Polaris Renewable Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, November 20th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.3%. The ex-dividend date is Thursday, November 12th. Polaris Renewable Energy’s dividend payout ratio is presently 315.79%.

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).