Tidewater Midstream and Infrastructure (TSE:TWM) Trading 9.3% Higher - Here's What Happened

Key Points

• Tidewater Midstream and Infrastructure Ltd. shares surged 9.3%, trading at C$0.24, despite a 49% decline in trading volume compared to average levels.
• The company has a market cap of C$101.30 million and a notable debt-to-equity ratio of 183.03, indicating significant leverage.
• Insider Nauman (Nick) Toor purchased 1,300,000 shares at an average price of C$0.21, highlighting confidence from company insiders in its performance.

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report) traded up 9.3% on Friday . The company traded as high as C$0.24 and last traded at C$0.24. 236,500 shares were traded during trading, a decline of 49% from the average session volume of 460,480 shares. The stock had previously closed at C$0.22.

Tidewater Midstream and Infrastructure Trading Up 2.2%

The business has a 50 day simple moving average of C$0.21 and a two-hundred day simple moving average of C$0.22. 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 cap of C$101.30 million, a price-to-earnings ratio of -0.28, a price-to-earnings-growth ratio of 0.64 and a beta of 1.67.

Tidewater Midstream and Infrastructure Company Profile

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.