Polaris Renewable Energy (OTCMKTS:RAMPF) Shares Up 1.4% – Here’s Why

Shares of Polaris Renewable Energy Inc. (OTCMKTS:RAMPF) traded up 1.4% during mid-day trading on Tuesday . The company traded as high as $9.21 and last traded at $9.21. 751 shares changed hands during trading, a decline of 50% from the average session volume of 1,499 shares. The stock had previously closed at $9.08.

Polaris Renewable Energy Stock Performance

The stock has a 50-day simple moving average of $9.09 and a 200-day simple moving average of $9.18.

Polaris Renewable Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.52%.

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.