Tidewater Midstream and Infrastructure (TSE:TWM) Trading 66.7% Higher – Here’s What Happened

Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) were up 66.7% on Saturday . The company traded as high as C$0.21 and last traded at C$0.20. Approximately 6,932,558 shares changed hands during mid-day trading, an increase of 1,017% from the average daily volume of 620,391 shares. The stock had previously closed at C$0.12.

Wall Street Analyst Weigh In

TWM has been the subject of several recent research reports. Atb Cap Markets downgraded Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, November 15th. Scotiabank reduced their target price on shares of Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research note on Friday, November 15th. Finally, CIBC boosted their price target on shares of Tidewater Midstream and Infrastructure from C$0.30 to C$0.40 and gave the stock a “neutral” rating in a report on Thursday, January 9th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$0.66.

Tidewater Midstream and Infrastructure Price Performance

The business’s fifty day moving average is C$0.17 and its 200 day moving average is C$0.23. The company has a market cap of C$86.21 million, a P/E ratio of -0.24, a PEG ratio of 0.64 and a beta of 1.67. The company has a current ratio of 1.23, a quick ratio of 0.55 and a debt-to-equity ratio of 183.03.

Tidewater Midstream and Infrastructure Company Profile

Tidewater Midstream and Infrastructure Ltd is a Canadian company that is engaged in providing midstream infrastructure and a natural gas storage facility. It mainly focuses on the purchase, sale, and transportation of Natural Gas Liquids (NGLs) such as propane and natural gasoline throughout North America and export to premium markets.