Innergex Renewable Energy (TSE:INE) Shares Pass Above Two Hundred Day Moving Average - Here's What Happened

Innergex Renewable Energy Inc. (TSE:INE - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$11.31 and traded as high as C$13.82. Innergex Renewable Energy shares last traded at C$13.78, with a volume of 367,497 shares.

Innergex Renewable Energy Price Performance

The stock's fifty day moving average price is C$13.66 and its 200-day moving average price is C$11.42. The firm has a market cap of C$2.83 billion, a PE ratio of -22.17, a price-to-earnings-growth ratio of 20.61 and a beta of 0.36. The company has a debt-to-equity ratio of 620.44, a current ratio of 0.56 and a quick ratio of 0.58.

Innergex Renewable Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were issued a $0.09 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.36 dividend on an annualized basis and a yield of 2.60%. Innergex Renewable Energy's payout ratio is -57.74%.

Innergex Renewable Energy Company Profile

For over 30 years, Innergex has believed in a world where abundant renewable energy promotes healthier communities and creates shared prosperity, which led to Innergex being recognized as Canada's best corporate citizens in 2023 by Corporate Knights. As an independent renewable power producer which develops, acquires, owns and operates hydroelectric facilities, wind farms, solar farms and energy storage facilities, Innergex is convinced that generating power from renewable sources will lead the way to a better world.