Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report) fell 26.3% during trading on Friday . The company traded as low as C$0.17 and last traded at C$0.21. 4,274,284 shares traded hands during mid-day trading, an increase of 638% from the average session volume of 579,022 shares. The stock had previously closed at C$0.29.
Analyst Ratings Changes
A number of research firms have recently commented on TWM. Acumen Capital upped their price target on shares of Tidewater Midstream and Infrastructure from C$0.30 to C$0.35 in a report on Monday, March 31st. National Bankshares lifted their price target on shares of Tidewater Midstream and Infrastructure from C$0.10 to C$0.15 and gave the company an "underperform" rating in a report on Monday, March 31st. Two investment analysts have rated the stock with a sell rating and two have given a hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of C$0.40.
Read Our Latest Report on Tidewater Midstream and Infrastructure
Tidewater Midstream and Infrastructure Price Performance
The company has a debt-to-equity ratio of 183.03, a current ratio of 1.23 and a quick ratio of 0.55. The business has a 50 day moving average of C$0.25 and a 200 day moving average of C$0.20. The company has a market cap of C$88.37 million, a PE ratio of -0.25, a price-to-earnings-growth ratio of 0.64 and a beta of 1.67.
Insiders Place Their Bets
In other news, insider Nauman (Nick) Toor bought 1,300,000 shares of Tidewater Midstream and Infrastructure stock in a transaction that occurred on Tuesday, May 13th. The shares were purchased at an average price of C$0.21 per share, with a total value of C$270,400.00. Insiders have purchased 1,676,500 shares of company stock worth $368,008 in the last three months. Corporate insiders own 4.44% of the company's stock.
Tidewater Midstream and Infrastructure Company Profile
(
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Tidewater Midstream and Infrastructure Ltd is a Canadian company that is engaged in providing midstream infrastructure and a natural gas storage facility. It mainly focuses on the purchase, sale, and transportation of Natural Gas Liquids (NGLs) such as propane and natural gasoline throughout North America and export to premium markets.
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