Tidewater Renewables (TSE:LCFS) Reaches New 52-Week Low – What’s Next?

Shares of Tidewater Renewables Ltd. (TSE:LCFS) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$0.58 and last traded at C$0.58, with a volume of 13338 shares changing hands. The stock had previously closed at C$0.64.

Wall Street Analyst Weigh In

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

Tidewater Renewables Trading Up 158.7 %

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’s fifty day moving average price is C$0.77 and its 200-day moving average price is C$1.55. The company has a market cap of C$56.75 million, a price-to-earnings ratio of -0.15 and a beta of 1.36.

About Tidewater Renewables

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.