Polaris Renewable Energy Inc. (TSE:PIF) Director Acquires C$24,920.00 in Stock

Polaris Renewable Energy Inc. (TSE:PIF) Director Marc Murnaghan purchased 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was bought 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 purchased 41,500 shares of Polaris Renewable Energy stock. The shares were purchased at an average price of C$12.49 per share, with a total value of C$518,413.85.

Polaris Renewable Energy Trading Up 1.7 %

Shares of TSE PIF traded up C$0.21 during midday trading on Friday, reaching C$12.57. 93,159 shares of the stock were exchanged, compared to its average volume of 45,288. Polaris Renewable Energy Inc. has a twelve month low of C$11.08 and a twelve month high of C$14.14. The stock has a market capitalization of C$264.98 million, a P/E ratio of 24.72, a PEG ratio of 3.28 and a beta of 0.97. The company has a 50 day simple moving average of C$12.39 and a 200 day simple moving average of C$12.54. The company has a debt-to-equity ratio of 62.63, a quick ratio of 1.64 and a current ratio of 1.86.

Polaris Renewable Energy Cuts Dividend

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

Analysts Set New Price Targets

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

About Polaris Renewable Energy

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.