Tidewater Midstream and Infrastructure (TSE:TWM) Trading Down 6.5% - Here's Why

Key Points

• Tidewater Midstream and Infrastructure Ltd. shares dropped by 6.5% during trading, reaching a low of C$0.21 before closing at C$0.22.
• The company has a market capitalization of C$94.84 million and a debt-to-equity ratio of 183.03, indicating significant leverage.
• As a midstream infrastructure provider, Tidewater focuses on the purchase, sale, and transportation of Natural Gas Liquids across North America.

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - ) shares were down 6.5% during trading on Friday . The company traded as low as C$0.21 and last traded at C$0.22. Approximately 173,500 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 448,693 shares. The stock had previously closed at C$0.23.

Tidewater Midstream and Infrastructure Stock Down 4.3%

The company has a market capitalization of C$94.84 million, a P/E ratio of -0.27, a price-to-earnings-growth ratio of 0.64 and a beta of 1.67. The company has a 50-day moving average of C$0.22 and a two-hundred day moving average of C$0.22. The company has a quick ratio of 0.55, a current ratio of 1.23 and a debt-to-equity ratio of 183.03.

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.

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