Tidewater Renewables (TSE:LCFS) Reaches New 1-Year Low – Here’s Why

Tidewater Renewables Ltd. (TSE:LCFS) reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.64 and last traded at C$0.77, with a volume of 8500 shares traded. The stock had previously closed at C$0.78.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on LCFS shares. ATB Capital decreased their price target on shares of Tidewater Renewables from C$5.00 to C$3.00 and set a “speculative buy” rating for the company in a research note on Friday, November 15th. Royal Bank of Canada raised their target price on 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 issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Tidewater Renewables has an average rating of “Hold” and a consensus price target of C$5.75.

Tidewater Renewables Stock Up 6.7 %

The company has a debt-to-equity ratio of 60.43, a quick ratio of 0.10 and a current ratio of 0.30. The stock has a 50-day moving average of C$0.81 and a two-hundred day moving average of C$2.44. The company has a market cap of C$27.90 million, a P/E ratio of -2.76 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.