Polaris Renewable Energy Inc. (TSE:PIF) Director Marc Murnaghan Buys 7,500 Shares

Polaris Renewable Energy Inc. (TSE:PIF - Get Free Report) Director Marc Murnaghan purchased 7,500 shares of the stock in a transaction dated Thursday, June 12th. The shares were acquired at an average price of C$11.98 per share, for a total transaction of C$89,850.00.

Polaris Renewable Energy Stock Up 1.6%

PIF traded up C$0.19 during trading on Friday, reaching C$12.03. 13,790 shares of the stock traded hands, compared to its average volume of 31,962. The stock has a market cap of C$178.79 million, a price-to-earnings ratio of 24.92, a price-to-earnings-growth ratio of 3.28 and a beta of 0.97. Polaris Renewable Energy Inc. has a fifty-two week low of C$10.70 and a fifty-two week high of C$13.66. The company has a debt-to-equity ratio of 57.48, a current ratio of 1.82 and a quick ratio of 1.64. The stock's 50-day simple moving average is C$11.79 and its two-hundred day simple moving average is C$12.28.

Polaris Renewable Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 23rd were given a dividend of $0.15 per share. The ex-dividend date was Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a yield of 4.99%. Polaris Renewable Energy's payout ratio is 169.88%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. National Bank Financial upgraded Polaris Renewable Energy to a "strong-buy" rating in a report on Sunday, June 8th. Raymond James Financial downgraded Polaris Renewable Energy from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, May 1st.

About Polaris Renewable Energy

Polaris Renewable Energy Inc engages in the acquisition, exploration, development, and operation of renewable energy projects in Latin America. It operates 82 megawatts (MW) net geothermal facility in Nicaragua; and 3 run-of-river hydroelectric facilities in Peru, with combined capacity of approximately 33 MW; a 25 MW solar plant facility in the Dominican Republic; a 6 MW run-of-river hydroelectric facility in Ecuador; and a 10 MW solar plant in Panama.