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

Tidewater Renewables logo with Utilities background

Key Points

  • Tidewater Renewables Ltd. reached a new 52-week high trading at C$4.60, with its last trade at C$4.58 amid a volume of 1519 shares.
  • The company specializes in low carbon fuels and intends to become a leading energy transition firm, focusing on renewable diesel, hydrogen, and carbon capture.
  • Tidewater has a current market capitalization of C$165.67 million and a debt-to-equity ratio of 114.04, indicating significant leverage.
  • Interested in Tidewater Renewables? Here are five stocks we like better.

Tidewater Renewables Ltd. (TSE:LCFS - Get Free Report)'s stock price reached a new 52-week high during trading on Thursday . The company traded as high as C$4.60 and last traded at C$4.58, with a volume of 1519 shares trading hands. The stock had previously closed at C$4.58.

Tidewater Renewables Stock Performance

The stock's 50-day simple moving average is C$3.15 and its 200 day simple moving average is C$2.85. The stock has a market capitalization of C$162.03 million, a price-to-earnings ratio of -0.44 and a beta of -0.17. The company has a quick ratio of 0.10, a current ratio of 1.15 and a debt-to-equity ratio of 114.04.

About Tidewater Renewables

(Get Free Report)

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.

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