Tidewater Midstream and Infrastructure (TSE:TWM) Stock Price 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 - Get Free Report) dropped 6.5% during trading on Friday . The stock traded as low as C$0.21 and last traded at C$0.22. Approximately 173,500 shares were traded during 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 Price Performance

The company has a quick ratio of 0.55, a current ratio of 1.23 and a debt-to-equity ratio of 183.03. The firm's 50 day simple moving average is C$0.22 and its 200 day simple moving average is C$0.22. The company has a market capitalization of C$88.37 million, a PE ratio of -0.25, a price-to-earnings-growth ratio of 0.64 and a beta of 1.67.

About Tidewater Midstream and Infrastructure

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.