Tidewater Renewables (TSE:LCFS) Sets New 1-Year Low – Time to Sell?

Tidewater Renewables Ltd. (TSE:LCFS) shares hit a new 52-week low on Monday . The company traded as low as C$0.64 and last traded at C$0.77, with a volume of 8500 shares. The stock had previously closed at C$0.78.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Royal Bank of Canada increased their target price on shares of Tidewater Renewables from C$5.00 to C$5.50 and gave the company a “sector perform” rating in a report on Monday, January 13th. ATB Capital lowered their target price on Tidewater Renewables from C$5.00 to C$3.00 and set a “speculative buy” rating for the company in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$5.75.

Tidewater Renewables Trading Up 2.6 %

The company has a debt-to-equity ratio of 60.43, a quick ratio of 0.10 and a current ratio of 0.30. The stock has a market capitalization of C$27.90 million, a P/E ratio of -2.76 and a beta of 1.36. The stock has a 50-day moving average price of C$0.82 and a two-hundred day moving average price of C$2.54.

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.