Tidewater Renewables (TSE:LCFS) Hits New 52-Week Low – Should You Sell?

Tidewater Renewables Ltd. (TSE:LCFS) hit 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 trading hands. The stock had previously closed at C$0.64.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LCFS. ATB Capital lowered their price target on 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. Royal Bank of Canada lifted their price target on shares of Tidewater Renewables from C$5.00 to C$5.50 and gave the company a “sector perform” rating in a research report on Monday, January 13th. One research 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$5.75.

Tidewater Renewables Stock Up 158.7 %

The company has a current ratio of 1.15, a quick ratio of 0.10 and a debt-to-equity ratio of 114.04. The firm has a 50-day moving average of C$0.77 and a 200 day moving average of C$1.55. The stock has a market capitalization of C$56.75 million, a price-to-earnings ratio of -0.15 and a beta of 1.36.

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.