Tidewater Renewables (TSE:LCFS) Shares Down 0.8% - Should You Sell?

Key Points

• Tidewater Renewables Ltd.'s share price decreased by 0.8%, closing at C$3.95, with an 88% decline in trading volume compared to its average.
• The company has a significant debt-to-equity ratio of 114.04 and a market capitalization of C$143.83 million.
• Tidewater Renewables focuses on low carbon fuels and aims to transition toward renewable energy sources like renewable diesel, hydrogen, and natural gas.

Tidewater Renewables Ltd. (TSE:LCFS - )'s share price fell 0.8% during trading on Friday . The company traded as low as C$3.84 and last traded at C$3.95. 2,900 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 24,528 shares. The stock had previously closed at C$3.98.

Tidewater Renewables Trading Down 0.8%

The company has a debt-to-equity ratio of 114.04, a current ratio of 1.15 and a quick ratio of 0.10. The company has a market cap of C$143.83 million, a price-to-earnings ratio of -0.39 and a beta of -0.06. The business has a 50 day simple moving average of C$3.94 and a 200 day simple moving average of C$3.14.

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.

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