Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report)'s share price dropped 26.3% during 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 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 brokerages have commented on TWM. National Bankshares raised their price objective on 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. Acumen Capital boosted their target price on 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 issued a hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of C$0.40.
View Our Latest Report on TWM
Tidewater Midstream and Infrastructure Stock Down 2.4%
The stock 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 P/E/G ratio of 0.64 and a beta of 1.67. The company has a quick ratio of 0.55, a current ratio of 1.23 and a debt-to-equity ratio of 183.03.
Insiders Place Their Bets
In related news, insider Nauman (Nick) Toor bought 1,300,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was bought at an average cost of C$0.21 per share, for a total transaction of C$270,400.00. In the last quarter, insiders purchased 1,676,500 shares of company stock valued at $368,008. Company 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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