Tidewater Renewables (TSE:LCFS) Reaches New 1-Year Low – Here’s What Happened

Tidewater Renewables Ltd. (TSE:LCFS) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.65 and last traded at C$0.72, with a volume of 34000 shares changing hands. The stock had previously closed at C$0.70.

Analysts Set New Price Targets

Separately, ATB Capital decreased their target price on shares of Tidewater Renewables from C$5.00 to C$3.00 and set a “speculative buy” rating for the company in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$6.68.

Tidewater Renewables Stock Up 2.9 %

The stock’s fifty day simple moving average is C$1.33 and its 200-day simple moving average is C$4.01. The stock has a market capitalization of C$25.11 million, a PE ratio of -2.48 and a beta of 1.36. The company has a current ratio of 0.30, a quick ratio of 0.10 and a debt-to-equity ratio of 60.43.

Tidewater Renewables Company Profile

Tidewater Renewables Ltd. engages in production of renewable fuel in North America. It intends to focus on the production of low carbon fuels, including renewable diesel, renewable hydrogen, and renewable natural gas, as well as carbon capture. The company intends to supply low carbon fuels to investment grade counterparties, existing customers, government entities, Indigenous groups, and others in the transportation, utilities, refining, marketing, and power industries.