Polaris Renewable Energy (TSE:PIF) Director Marc Murnaghan Buys 2,000 Shares

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 holdings to 4,000 shares.
• Polaris shares traded at C$13.89, with a market capitalization of approximately C$290.2 million; the company recently reported a quarterly loss of C$0.06 per share on C$28.32 million in revenue.
• The company paid a quarterly dividend of C$0.15, equivalent to C$0.60 annually and a 4.3% yield, though its payout ratio was high at 315.79%.

Polaris Renewable Energy Inc. (TSE:PIF - Get Free Report) Director Marc Murnaghan purchased 2,000 shares of the business's stock in a transaction on Tuesday, September 15th. The shares were purchased at an average cost of C$14.05 per share, for a total transaction of C$28,100.00. Following the transaction, the director owned 4,000 shares of the company's stock, valued at C$56,200. This trade represents a 100.00% increase in their ownership of the stock.

Polaris Renewable Energy Stock Performance

Shares of PIF traded down C$0.07 during mid-day trading on Tuesday, reaching C$13.89. 11,683 shares of the company's stock were exchanged, compared to its average volume of 39,249. The business's fifty day simple moving average is C$15.00 and its 200-day simple moving average is C$13.78. The stock has a market capitalization of C$290.23 million, a PE ratio of 73.11, a price-to-earnings-growth ratio of 3.28 and a beta of 0.56. Polaris Renewable Energy Inc. has a 52-week low of C$11.55 and a 52-week high of C$16.08. The company has a debt-to-equity ratio of 93.21, a current ratio of 4.75 and a quick ratio of 1.64.

Polaris Renewable Energy (TSE:PIF - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported C($0.06) EPS for the quarter. The business had revenue of C$28.32 million during the quarter. Polaris Renewable Energy had a net margin of 5.34% and a return on equity of 1.73%. On average, equities research analysts expect that Polaris Renewable Energy Inc. will post 0.6481187 earnings per share for the current year.

Polaris Renewable Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 21st were issued 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 was Monday, August 10th. Polaris Renewable Energy's dividend payout ratio is presently 315.79%.

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).

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