Key Points
- Director Marc Murnaghan sold 10,000 Polaris Renewable Energy shares at C$13.74 each, totaling C$137,400 and reducing his position by 1.94%. He retained 504,524 shares after the sale.
- The company reported quarterly revenue of C$27.06 million and a loss of C$0.48 per share, compared with a loss of C$0.02 per share in the same quarter last year.
- Polaris declared a quarterly dividend of C$0.15 per share, equivalent to C$0.60 annually and a 4.3% yield.
Polaris Renewable Energy Inc. (TSE:PIF - Get Free Report) Director Marc Murnaghan sold 10,000 shares of the stock in a transaction that occurred on Friday, November 6th. The shares were sold at an average price of C$13.74, for a total value of C$137,400.00. Following the completion of the sale, the director directly owned 504,524 shares of the company's stock, valued at approximately C$6,932,159.76. The trade was a 1.94% decrease in their position.
Marc Murnaghan also recently made the following trade(s):
- On Tuesday, September 15th, Marc Murnaghan bought 2,000 shares of Polaris Renewable Energy stock. The stock was purchased at an average cost of C$14.05 per share, with a total value of C$28,100.00.
Polaris Renewable Energy Price Performance
TSE:PIF opened at C$14.08 on Tuesday. Polaris Renewable Energy Inc. has a 1-year low of C$11.55 and a 1-year high of C$16.08. The company has a current ratio of 4.75, a quick ratio of 1.64 and a debt-to-equity ratio of 93.21. The firm has a fifty day simple moving average of C$13.80 and a 200 day simple moving average of C$13.56. The stock has a market capitalization of C$294.20 million, a PE ratio of 74.11, a P/E/G ratio of 3.28 and a beta of 0.53.
Polaris Renewable Energy (TSE:PIF - Get Free Report) last issued its earnings results on Thursday, November 5th. The company reported C($0.48) earnings per share 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$27.06 million for the quarter. During the same quarter last year, the firm posted ($0.02) EPS. On average, research analysts expect that Polaris Renewable Energy Inc. will post 0.65 EPS for the current fiscal year.
Polaris Renewable Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, November 20th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Thursday, November 12th. Polaris Renewable Energy's dividend payout ratio (DPR) is 315.79%.
Polaris Renewable Energy Company Profile
(
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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