Shares of Tidewater Renewables Ltd. (TSE:LCFS - Get Free Report) were down 4% on Monday . The stock traded as low as C$2.90 and last traded at C$2.90. Approximately 3,000 shares traded hands during trading, a decline of 94% from the average daily volume of 50,689 shares. The stock had previously closed at C$3.02.
Analyst Ratings Changes
Several research analysts have commented on the company. Royal Bank of Canada lifted their price target on Tidewater Renewables from C$5.00 to C$5.50 and gave the stock a "sector perform" rating in a research report on Monday, January 13th. CIBC increased their target price on shares of Tidewater Renewables from C$3.00 to C$3.25 and gave the company a "neutral" rating in a report on Friday, March 28th. ATB Capital raised their price target on Tidewater Renewables from C$3.00 to C$4.00 and gave the stock a "speculative buy" rating in a research report on Friday, March 28th. Finally, Acumen Capital increased their target price on Tidewater Renewables from C$2.25 to C$3.50 and gave the stock a "hold" rating in a research report on Friday, March 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of C$3.95.
View Our Latest Research Report on LCFS
Tidewater Renewables Price Performance
The company has a current ratio of 1.15, a quick ratio of 0.10 and a debt-to-equity ratio of 114.04. The company's 50-day moving average price is C$2.44 and its two-hundred day moving average price is C$1.57. The company has a market cap of C$104.11 million, a P/E ratio of -0.27 and a beta of 1.36.
Tidewater Renewables Company Profile
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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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