Polaris Renewable Energy (TSE:PIF) Stock Price Up 0.3% – What’s Next?

Polaris Renewable Energy Inc. (TSE:PIF)’s share price was up 0.3% during trading on Monday . The stock traded as high as C$13.10 and last traded at C$12.92. Approximately 15,406 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 44,826 shares. The stock had previously closed at C$12.88.

Analyst Ratings Changes

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

Polaris Renewable Energy Stock Performance

The company has a debt-to-equity ratio of 62.63, a current ratio of 1.86 and a quick ratio of 1.64. The firm has a market cap of C$274.25 million, a price-to-earnings ratio of 26.02, a price-to-earnings-growth ratio of 3.28 and a beta of 0.97. The business’s 50-day moving average price is C$12.66 and its two-hundred day moving average price is C$12.65.

Polaris Renewable Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were paid a dividend of $0.203 per share. This represents a $0.81 dividend on an annualized basis and a dividend yield of 6.24%. The ex-dividend date of this dividend was Friday, November 8th. Polaris Renewable Energy’s dividend payout ratio is presently 164.00%.

Insiders Place Their Bets

In other news, Director Marc Murnaghan purchased 41,500 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was bought at an average cost of C$12.49 per share, for a total transaction of C$518,413.85. 2.94% of the stock is owned by corporate insiders.

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.