Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report) dropped 26.3% during mid-day trading on Friday . The stock traded as low as C$0.17 and last traded at C$0.21. Approximately 4,274,284 shares were traded during mid-day trading, an increase of 638% from the average daily volume of 579,022 shares. The stock had previously closed at C$0.29.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. National Bankshares increased their target price on Tidewater Midstream and Infrastructure from C$0.10 to C$0.15 and gave the stock an "underperform" rating in a research note on Monday, March 31st. Acumen Capital upped their target price on shares of Tidewater Midstream and Infrastructure from C$0.30 to C$0.35 in a report on Monday, March 31st. Two research analysts have rated the stock with a sell rating and two have given a hold rating to the company. Based on data from MarketBeat, Tidewater Midstream and Infrastructure currently has a consensus rating of "Hold" and a consensus target price of C$0.40.
Get Our Latest Stock Analysis on TWM
Tidewater Midstream and Infrastructure Stock Performance
The company has a 50-day moving average price of C$0.25 and a two-hundred day moving average price of C$0.20. The company has a current ratio of 1.23, a quick ratio of 0.55 and a debt-to-equity ratio of 183.03. The stock has a market capitalization of C$86.21 million, a P/E ratio of -0.24, 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 acquired 151,500 shares of Tidewater Midstream and Infrastructure stock in a transaction on Tuesday, April 29th. The stock was acquired at an average cost of C$0.28 per share, with a total value of C$41,920.05. Corporate insiders own 4.44% of the company's stock.
Tidewater Midstream and Infrastructure Company Profile
(
Get Free Report)
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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