Key Points
- Director Marc Murnaghan purchased 2,000 Polaris Renewable Energy shares at an average price of C$14.05, investing C$28,100 and doubling his direct ownership to 4,000 shares.
- Polaris Renewable Energy shares opened at C$13.89, with a market capitalization of approximately C$290.2 million and a 52-week trading range of C$11.55 to C$16.08.
- The company reported quarterly revenue of C$28.32 million and a loss of C$0.06 per share, while maintaining a quarterly dividend of $0.15 per share, equivalent to a 4.3% annualized yield.
Polaris Renewable Energy Inc. (TSE:PIF - Get Free Report) Director Marc Murnaghan purchased 2,000 shares of the company's stock in a transaction on Tuesday, September 15th. The stock was purchased at an average cost 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. This trade represents a 100.00% increase in their ownership of the stock.
Polaris Renewable Energy Stock Performance
Shares of Polaris Renewable Energy stock opened at C$13.89 on Wednesday. The company has a debt-to-equity ratio of 93.21, a current ratio of 4.75 and a quick ratio of 1.64. The firm has a market cap of C$290.23 million, a price-to-earnings ratio of 73.11, a price-to-earnings-growth ratio of 3.28 and a beta of 0.56. The stock's 50-day moving average is C$15.00 and its 200-day moving average is C$13.78. Polaris Renewable Energy Inc. has a one year low of C$11.55 and a one year high of C$16.08.
Polaris Renewable Energy (TSE:PIF - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported C($0.06) earnings per share (EPS) for the quarter. Polaris Renewable Energy had a return on equity of 1.73% and a net margin of 5.34%.The firm had revenue of C$28.32 million for the quarter. Equities analysts predict that Polaris Renewable Energy Inc. will post 0.6481187 earnings per share for the current fiscal year.
Polaris Renewable Energy Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 21st were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.60 dividend on an annualized basis and a yield of 4.3%. Polaris Renewable Energy's dividend payout ratio is 315.79%.
About Polaris Renewable Energy
(
Get Free Report)
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).
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