Tidewater Renewables (TSE:LCFS) Sets New 1-Year High - Still a Buy?

Key Points

• Tidewater Renewables Ltd. shares hit a new 52-week high, trading at C$4.60, representing a 3.4% increase from the previous close of C$4.45.
• The company's market capitalization stands at C$167.50 million with a notably high debt-to-equity ratio of 114.04.
• Tidewater focuses on producing low carbon fuels such as renewable diesel, hydrogen, and natural gas, alongside engaging in carbon capture efforts.

Tidewater Renewables Ltd. (TSE:LCFS - Get Free Report)'s share price reached a new 52-week high on Thursday . The stock traded as high as C$4.60 and last traded at C$4.60, with a volume of 11095 shares trading hands. The stock had previously closed at C$4.45.

Tidewater Renewables Stock Up 6.5%

The company's 50 day moving average price is C$3.27 and its two-hundred day moving average price is C$2.90. The company has a quick ratio of 0.10, a current ratio of 1.15 and a debt-to-equity ratio of 114.04. The stock has a market cap of C$178.42 million, a P/E ratio of -0.49 and a beta of -0.17.

Tidewater Renewables Company Profile

Tidewater Renewables Ltd has been formed to become a multi-faceted, energy transition company. It is focused on the production of low carbon fuels, including renewable diesel, renewable hydrogen and renewable natural gas, as well as carbon capture. The corporation generates revenue from the sale of renewable products.