Tidewater Renewables (TSE:LCFS) Hits New 1-Year Low – Time to Sell?

Tidewater Renewables Ltd. (TSE:LCFS) reached a new 52-week low during mid-day trading on Thursday . The company 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.

Analyst Ratings Changes

Several equities analysts recently issued reports on LCFS shares. Royal Bank of Canada lifted their price objective on shares of Tidewater Renewables from C$5.00 to C$5.50 and gave the company a “sector perform” rating in a report on Monday, January 13th. ATB Capital cut their price target on Tidewater Renewables from C$5.00 to C$3.00 and set a “speculative buy” rating on the stock in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$5.75.

Tidewater Renewables Stock Performance

The business has a 50-day moving average price of C$0.75 and a 200-day moving average price of C$1.61. The company has a quick ratio of 0.10, a current ratio of 1.15 and a debt-to-equity ratio of 114.04. The firm has a market capitalization of C$21.94 million, a price-to-earnings ratio of -0.06 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.