Polaris Renewable Energy (TSE:PIF) Stock Crosses Above 50 Day Moving Average – What’s Next?

Polaris Renewable Energy Inc. (TSE:PIF) shares crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of C$13.80 and traded as high as C$14.00. Polaris Renewable Energy shares last traded at C$13.85, with a volume of 94,689 shares traded.

Polaris Renewable Energy Stock Performance

The firm’s 50 day simple moving average is C$13.80 and its 200 day simple moving average is C$13.56. The firm has a market capitalization of C$289.40 million, a price-to-earnings ratio of 72.89, a PEG ratio of 3.28 and a beta of 0.53. The company has a debt-to-equity ratio of 93.21, a quick ratio of 1.64 and a current ratio of 4.75.

Polaris Renewable Energy (TSE:PIF) last released its quarterly earnings data 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 business had revenue of C$27.06 million during the quarter. During the same quarter in the prior year, the firm earned ($0.02) EPS. Sell-side analysts forecast that Polaris Renewable Energy Inc. will post 0.65 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, August 21st. Shareholders of record on Friday, August 21st were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Monday, August 10th. Polaris Renewable Energy’s dividend payout ratio (DPR) is currently 315.79%.

Insider Buying and Selling at Polaris Renewable Energy

In related news, Director Marc Murnaghan acquired 2,000 shares of Polaris Renewable Energy stock in a transaction on Tuesday, September 15th. The stock was acquired at an average price of C$14.05 per share, for a total transaction of C$28,100.00. Following the purchase, the director owned 4,000 shares of the company’s stock, valued at approximately C$56,200. This represents a 100.00% increase in their position. Insiders own 2.94% of the company’s stock.

About Polaris Renewable Energy

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).