Polaris Renewable Energy (TSE:PIF) Director Marc Murnaghan Sells 20,000 Shares

Posted by George Bondi on May 19th, 2026

Polaris Renewable Energy Inc. (TSE:PIF – Get Free Report) Director Marc Murnaghan sold 20,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of C$12.56, for a total transaction of C$251,200.00. Following the completion of the sale, the director owned 488,501 shares of the company’s stock, valued at C$6,135,572.56. This trade represents a 3.93% decrease in their ownership of the stock.

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

On Friday, March 20th, Marc Murnaghan bought 5,000 shares of Polaris Renewable Energy stock. The stock was purchased at an average price of C$12.14 per share, with a total value of C$60,700.00.
On Monday, March 23rd, Marc Murnaghan sold 10,000 shares of Polaris Renewable Energy stock. The shares were sold at an average price of C$11.90, for a total transaction of C$119,000.00.

Polaris Renewable Energy Stock Performance

TSE:PIF traded up C$0.01 during mid-day trading on Tuesday, hitting C$12.49. The stock had a trading volume of 32,338 shares, compared to its average volume of 40,158. Polaris Renewable Energy Inc. has a twelve month low of C$11.40 and a twelve month high of C$14.20. The stock has a market cap of C$261.07 million, a price-to-earnings ratio of 37.85, a PEG ratio of 3.28 and a beta of 0.43. The company’s 50 day simple moving average is C$12.51 and its 200 day simple moving average is C$12.29. The company has a debt-to-equity ratio of 91.92, a quick ratio of 1.64 and a current ratio of 4.90.

Polaris Renewable Energy (TSE:PIF – Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported C($0.04) earnings per share (EPS) for the quarter. Polaris Renewable Energy had a net margin of 9.00% and a return on equity of 2.96%. The firm had revenue of C$27.48 million during the quarter. On average, equities research analysts forecast that Polaris Renewable Energy Inc. will post 0.6481187 earnings per share for the current year.

Polaris Renewable Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 22nd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Thursday, May 14th. Polaris Renewable Energy’s payout ratio is currently 181.82%.

Wall Street Analyst Weigh In

Separately, Raymond James Financial reduced their price objective on Polaris Renewable Energy from C$20.00 to C$18.25 and set an “outperform” rating for the company in a report on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$19.63.

Get Our Latest Stock Analysis on PIF

About Polaris Renewable Energy

(Get Free Report)

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).