Polaris Renewable Energy (TSE:PIF) Stock: Insider Marc Murnaghan Sells 10,000 Shares

Polaris Renewable Energy Inc. (TSE:PIF) Director Marc Murnaghan sold 10,000 shares of Polaris Renewable Energy stock in a transaction dated Friday, November 6th. The shares were sold at an average price of C$13.74, for a total value of C$137,400.00. Following the transaction, the director directly owned 504,524 shares in the company, valued at approximately C$6,932,159.76. The trade was a 1.94% decrease in their ownership of the stock.

Marc Murnaghan also recently made the following trade(s):

• On Tuesday, September 15th, Marc Murnaghan acquired 2,000 shares of Polaris Renewable Energy stock. The shares were bought at an average price of C$14.05 per share, with a total value of C$28,100.00.

Polaris Renewable Energy Stock Performance

Polaris Renewable Energy stock traded up C$0.30 during midday trading on Monday, hitting C$14.15. The stock had a trading volume of 44,895 shares, compared to its average volume of 36,490. 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 market capitalization of C$295.66 million, a PE ratio of 74.47, a P/E/G ratio of 3.28 and a beta of 0.53. The firm’s fifty day moving average is C$13.80 and its two-hundred day moving average is C$13.56. The company has a current ratio of 4.75, a quick ratio of 1.64 and a debt-to-equity ratio of 93.21.

Polaris Renewable Energy (TSE:PIF) last issued its quarterly earnings results on Thursday, November 5th. The company reported C($0.48) earnings per share for the quarter. Polaris Renewable Energy had a net margin of 5.34% and a return on equity of 1.73%. The firm had revenue of C$27.06 million for the quarter. During the same quarter in the prior year, the company earned ($0.02) earnings per share. On average, research analysts forecast that Polaris Renewable Energy Inc. will post 0.65 EPS for the current year.

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).