Tidewater Renewables Ltd. (TSE:LCFS - Get Free Report) shares were down 1.9% during trading on Wednesday . The company traded as low as C$2.46 and last traded at C$2.63. Approximately 34,115 shares were traded during mid-day trading, a decline of 22% from the average daily volume of 43,477 shares. The stock had previously closed at C$2.68.
Analysts Set New Price Targets
A number of research analysts have recently commented on LCFS shares. CIBC lifted their price objective on shares of Tidewater Renewables from C$3.00 to C$3.25 and gave the company a "neutral" rating in a research report on Friday, March 28th. ATB Capital raised their target price on shares of Tidewater Renewables from C$3.00 to C$4.00 and gave the stock a "speculative buy" rating in a research note on Friday, March 28th. Finally, Acumen Capital raised their target price on shares of Tidewater Renewables from C$2.25 to C$3.50 and gave the stock a "hold" rating in a research note on Friday, March 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Tidewater Renewables currently has an average rating of "Hold" and a consensus target price of C$3.95.
Read Our Latest Research Report on Tidewater Renewables
Tidewater Renewables Stock Down 1.9%
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 firm's 50 day simple moving average is C$2.83 and its two-hundred day simple moving average is C$1.65. The firm has a market cap of C$91.57 million, a price-to-earnings ratio of -0.24 and a beta of 1.36.
About Tidewater Renewables
(
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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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