Tidewater Renewables (TSE:LCFS) Hits New 1-Year High - Here's Why

Key Points

• Tidewater Renewables Ltd. achieved a new 52-week high of C$3.60 during trading, closing at C$3.58 with a volume of 11,665 shares.
• The company focuses on the production of low carbon fuels and has a market cap of C$121.17 million, with a P/E ratio of -0.32.
• Tidewater operates as a multi-faceted energy transition company, generating revenue from the sale of renewable products such as renewable diesel and hydrogen.

Tidewater Renewables Ltd. (TSE:LCFS - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$3.60 and last traded at C$3.58, with a volume of 11665 shares changing hands. The stock had previously closed at C$3.46.

Tidewater Renewables Stock Up 0.6%

The business's 50 day simple moving average is C$2.82 and its 200-day simple moving average is C$2.57. The company has a market cap of C$123.80 million, a price-to-earnings ratio of -0.34 and a beta of -0.32. The company has a debt-to-equity ratio of 114.04, a quick ratio of 0.10 and a current ratio of 1.15.

About Tidewater Renewables

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.