Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report)'s stock price dropped 2.4% on Tuesday . The stock traded as low as C$0.21 and last traded at C$0.21. Approximately 227,500 shares traded hands during trading, a decline of 57% from the average daily volume of 534,672 shares. The stock had previously closed at C$0.21.
Wall Street Analyst Weigh In
TWM has been the topic of several recent analyst reports. Acumen Capital lifted their price objective on Tidewater Midstream and Infrastructure from C$0.30 to C$0.35 in a report on Monday, March 31st. National Bankshares lifted their price objective on 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 equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Based on data from MarketBeat, Tidewater Midstream and Infrastructure presently has an average rating of "Hold" and a consensus price target of C$0.40.
Read Our Latest Stock Report on TWM
Tidewater Midstream and Infrastructure Trading Down 2.4%
The business has a 50-day moving average price of C$0.23 and a two-hundred day moving average price of C$0.20. The stock has a market capitalization of C$88.37 million, a P/E ratio of -0.25, a P/E/G ratio of 0.64 and a beta of 1.67. The company has a current ratio of 1.23, a quick ratio of 0.55 and a debt-to-equity ratio of 183.03.
Insider Activity
In other Tidewater Midstream and Infrastructure news, insider Nauman (Nick) Toor acquired 1,300,000 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was acquired at an average cost of C$0.21 per share, for a total transaction of C$270,400.00. In the last three months, insiders purchased 1,676,500 shares of company stock worth $368,008. 4.44% of the stock is currently owned by company insiders.
About Tidewater Midstream and Infrastructure
(
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.
See Also
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