Insider Buying: Polaris Renewable Energy (TSE:PIF) Director Buys C$28,100.00 in Stock

Polaris Renewable Energy Inc. (TSE:PIF) Director Marc Murnaghan purchased 2,000 shares of the company’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 purchase, the director directly owned 4,000 shares in the company, valued at approximately C$56,200. The trade was a 100.00% increase in their ownership of the stock.

Polaris Renewable Energy Trading Up 0.6%

Shares of PIF stock opened at C$13.94 on Friday. Polaris Renewable Energy Inc. has a 1 year low of C$11.55 and a 1 year high of C$16.08. The firm has a fifty day moving average price of C$14.92 and a 200-day moving average price of C$13.81. The company has a market cap of C$291.28 million, a price-to-earnings ratio of 73.37, a PEG ratio of 3.28 and a beta of 0.56. The company has a debt-to-equity ratio of 93.21, a current ratio of 4.75 and a quick ratio of 1.64.

Polaris Renewable Energy (TSE:PIF) last released its earnings results on Thursday, July 30th. The company reported C($0.06) earnings per share for the quarter. Polaris Renewable Energy had a net margin of 5.34% and a return on equity of 1.73%. The company had revenue of C$28.32 million for the quarter. As a group, equities analysts predict that Polaris Renewable Energy Inc. will post 0.6481187 earnings per share for the current year.

Polaris Renewable Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Stockholders 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 annualized dividend and a dividend yield of 4.3%. Polaris Renewable Energy’s dividend payout ratio (DPR) is 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).