Polaris Renewable Energy (TSE:PIF) Sets New 12-Month High – What’s Next?

Polaris Renewable Energy Inc. (TSE:PIF)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$16.05 and last traded at C$15.81, with a volume of 22292 shares trading hands. The stock had previously closed at C$15.93.

Polaris Renewable Energy Stock Down 1.1%

The stock has a 50 day moving average price of C$13.61 and a 200 day moving average price of C$12.74. The company has a debt-to-equity ratio of 91.92, a quick ratio of 1.64 and a current ratio of 4.90. The company has a market capitalization of C$329.42 million, a P/E ratio of 47.76, a PEG ratio of 3.28 and a beta of 0.54.

Polaris Renewable Energy (TSE:PIF) last posted its quarterly earnings results on Thursday, May 7th. The company reported C($0.04) earnings per share for the quarter. The company had revenue of C$27.48 million for the quarter. Polaris Renewable Energy had a net margin of 9.00% and a return on equity of 2.96%. Equities research analysts forecast that Polaris Renewable Energy Inc. will post 0.6481187 earnings per share for the current fiscal year.

Polaris Renewable Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 22nd were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, May 14th. This represents a $0.60 annualized dividend and a dividend yield of 3.8%. Polaris Renewable Energy’s dividend payout ratio (DPR) is presently 181.82%.

Insider Activity

In other news, Director Marc Murnaghan bought 5,000 shares of the stock in a transaction on Tuesday, May 26th. The shares were purchased at an average cost of C$12.90 per share, for a total transaction of C$64,500.00. Following the completion of the purchase, the director directly owned 513,501 shares in the company, valued at C$6,624,162.90. This represents a 0.98% increase in their position. Insiders acquired 25,000 shares of company stock valued at $318,100 in the last 90 days. Insiders own 2.94% of the company’s stock.

Polaris Renewable Energy Company Profile

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).