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

Polaris Renewable Energy Inc. (TSE:PIF) Director Marc Murnaghan acquired 2,000 shares of the stock in a transaction dated Friday, November 15th. The shares were bought at an average cost of C$12.46 per share, with a total value of C$24,920.00.

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

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

Polaris Renewable Energy Trading Up 1.5 %

TSE PIF opened at C$12.55 on Friday. Polaris Renewable Energy Inc. has a one year low of C$11.08 and a one year high of C$14.14. The company’s 50 day moving average price is C$12.40 and its 200 day moving average price is C$12.55. The firm has a market capitalization of C$264.55 million, a price-to-earnings ratio of 25.10, a PEG ratio of 3.28 and a beta of 0.97. 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 firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Monday, November 11th will be given a dividend of $0.203 per share. The ex-dividend date is Friday, November 8th. This represents a $0.81 dividend on an annualized basis and a yield of 6.47%. Polaris Renewable Energy’s dividend payout ratio (DPR) is 164.00%.

Wall Street Analyst Weigh In

Separately, Raymond James upped their price target on Polaris Renewable Energy from C$19.00 to C$21.00 and gave the stock a “strong-buy” rating in a research note 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.