Tidewater Renewables (TSE:LCFS) Shares Down 5.4% - Time to Sell?

Tidewater Renewables Ltd. (TSE:LCFS - Get Free Report) shares traded down 5.4% on Monday . The stock traded as low as C$2.63 and last traded at C$2.63. 3,106 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 31,444 shares. The stock had previously closed at C$2.78.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Acumen Capital lifted their price objective on Tidewater Renewables from C$2.25 to C$3.50 and gave the stock a "hold" rating in a report on Friday, March 28th. ATB Capital lifted their price objective on Tidewater Renewables from C$3.00 to C$4.00 and gave the stock a "speculative buy" rating in a report on Friday, March 28th. Finally, CIBC lifted their price objective on Tidewater Renewables from C$3.00 to C$3.25 and gave the stock a "neutral" rating in a report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Tidewater Renewables currently has a consensus rating of "Hold" and a consensus price target of C$3.95.

Tidewater Renewables Stock Performance

The stock has a market capitalization of C$95.75 million, a P/E ratio of -0.25 and a beta of 1.36. The company has a quick ratio of 0.10, a current ratio of 1.15 and a debt-to-equity ratio of 114.04. The company has a 50-day moving average price of C$2.58 and a two-hundred day moving average price of C$2.17.

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.