Tidewater Renewables (TSE:LCFS) Trading 10% Higher – Here’s Why

Tidewater Renewables Ltd. (TSE:LCFS) was up 10% on Thursday . The stock traded as high as C$2.85 and last traded at C$2.65. Approximately 70,471 shares were traded during trading, an increase of 29% from the average daily volume of 54,629 shares. The stock had previously closed at C$2.41.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada boosted 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 research note on Monday, January 13th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$5.04.

Tidewater Renewables Trading Up 28.2 %

The company has a fifty day moving average of C$1.34 and a 200-day moving average of C$1.42. The company has a debt-to-equity ratio of 114.04, a current ratio of 1.15 and a quick ratio of 0.10. The firm has a market capitalization of C$107.59 million, a PE ratio of -0.28 and a beta of 1.36.

Tidewater Renewables Company Profile

Tidewater Renewables Ltd has been formed to become a multi-faceted, energy transition company. It is focused on the production of low carbon fuels, including renewable diesel, renewable hydrogen and renewable natural gas, as well as carbon capture. The corporation generates revenue from the sale of renewable products.