TransAlta Renewables (TSE:RNW) Shares Up 1.1% – Still a Buy?

TransAlta Renewables Inc. (TSE:RNW)’s stock price rose 1.1% on Monday . The stock traded as high as C$12.49 and last traded at C$12.48. Approximately 880,836 shares traded hands during trading, an increase of 51% from the average daily volume of 582,037 shares. The stock had previously closed at C$12.34.

TransAlta Renewables Stock Performance

The company’s fifty day simple moving average is C$12.48. The company has a debt-to-equity ratio of 48.12, a quick ratio of 0.82 and a current ratio of 0.87. The firm has a market cap of C$3.33 billion, a price-to-earnings ratio of 41.60, a price-to-earnings-growth ratio of 2.71 and a beta of 0.74.

TransAlta Renewables Company Profile

TransAlta Renewables Inc owns, develops, and operates renewable and natural gas power generation facilities and other infrastructure assets in Canada, the United States, and Australia. The company operates through Canadian Wind, Canadian Hydro, Canadian Gas, US Wind and Solar, US Gas, and Australian Gas segments.