Tidewater Renewables (TSE:LCFS) Hits New 1-Year Low – Here’s What Happened

Tidewater Renewables Ltd. (TSE:LCFS)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as C$0.80 and last traded at C$0.80, with a volume of 6003 shares trading hands. The stock had previously closed at C$0.87.

Wall Street Analysts Forecast Growth

Separately, ATB Capital decreased 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Tidewater Renewables currently has a consensus rating of “Hold” and an average price target of C$6.68.

Tidewater Renewables Price Performance

The firm has a market capitalization of C$27.56 million, a PE ratio of -2.72 and a beta of 1.36. The business’s 50 day moving average is C$1.38 and its two-hundred day moving average is C$4.14. The company has a debt-to-equity ratio of 60.43, a quick ratio of 0.10 and a current ratio of 0.30.

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.