Tidewater Midstream and Infrastructure (TSE:TWM) Stock Price Down 2.5% - Here's Why

Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report) traded down 2.5% on Monday . The stock traded as low as C$0.19 and last traded at C$0.20. 56,424 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 565,944 shares. The stock had previously closed at C$0.20.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Acumen Capital boosted their price objective on shares of Tidewater Midstream and Infrastructure from C$0.30 to C$0.35 in a research report on Monday, March 31st. National Bankshares boosted their price objective on shares of Tidewater Midstream and Infrastructure from C$0.10 to C$0.15 and gave the stock an "underperform" rating in a research report on Monday, March 31st. Two research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Based on data from MarketBeat.com, Tidewater Midstream and Infrastructure currently has an average rating of "Hold" and an average price target of C$0.40.

Tidewater Midstream and Infrastructure Price Performance

The firm's 50-day simple moving average is C$0.24 and its 200 day simple moving average is C$0.19. The company has a market cap of C$81.90 million, a P/E ratio of -0.23, a PEG ratio of 0.64 and a beta of 1.67. The company has a debt-to-equity ratio of 183.03, a quick ratio of 0.55 and a current ratio of 1.23.

Insider Activity

In other news, insider Nauman (Nick) Toor purchased 225,000 shares of the firm's stock in a transaction dated Monday, April 7th. The stock was bought at an average price of C$0.25 per share, with a total value of C$55,687.50. Insiders bought 1,676,500 shares of company stock valued at $368,008 in the last quarter. Company insiders own 4.44% of the company's stock.

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.