Polaris Infrastructure Inc. (OTCMKTS:RAMPF – Get Rating) shot up 5.3% on Tuesday . The company traded as high as $15.66 and last traded at $15.66. 120 shares were traded during mid-day trading, a decline of 90% from the average session volume of 1,262 shares. The stock had previously closed at $14.87.
Separately, Raymond James boosted their price objective on Polaris Infrastructure from C$26.00 to C$28.00 in a research note on Thursday, April 21st.
The company has a 50 day moving average price of $14.92 and a 200 day moving average price of $13.53.
Polaris Infrastructure Inc, through its subsidiaries, acquires, develops, and operates renewable energy projects in Latin America. The company operates the San Jacinto project, a 72 megawatt (MW) net capacity geothermal facility located in northwest Nicaragua. It also operates run-of-river (ROR) hydro facility of 5 MW in Canchayllo, Peru; and 2 ROR hydro projects with the capacity of approximately 8 MW (net) and 20 MW (net) in Peru.
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