Tidewater Renewables (TSE:LCFS) Reaches New 52-Week High - Still a Buy?

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.

Tidewater Renewables Ltd. (TSE:LCFS - ) hit a new 52-week high on Thursday . The stock traded as high as C$4.60 and last traded at C$4.58, with a volume of 1519 shares changing hands. The stock had previously closed at C$4.58.

Tidewater Renewables Trading Down 0.7%

The firm has a fifty day moving average price of C$3.00 and a 200-day moving average price of C$2.73. The company has a debt-to-equity ratio of 114.04, a quick ratio of 0.10 and a current ratio of 1.15. The company has a market capitalization of C$165.67 million, a price-to-earnings ratio of -0.45 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.

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