Free Trial

Tidewater Renewables (TSE:LCFS) Trading Down 2.8% - Here's Why

Tidewater Renewables logo with Utilities background

Key Points

  • Shares of Tidewater Renewables Ltd. (TSE:LCFS) fell by 2.8%, trading as low as C$4.37, with a total of approximately 2,062 shares exchanged—down 92% from the average volume.
  • The company's quick ratio is 0.10 and the debt-to-equity ratio is notably high at 114.04, indicating potential financial challenges.
  • Tidewater Renewables focuses on the production of low carbon fuels and aims to be a leader in energy transition, emphasizing renewable diesel, hydrogen, and carbon capture technologies.
  • Five stocks to consider instead of Tidewater Renewables.

Shares of Tidewater Renewables Ltd. (TSE:LCFS - Get Free Report) dropped 2.8% on Thursday . The company traded as low as C$4.37 and last traded at C$4.52. Approximately 2,062 shares were traded during trading, a decline of 92% from the average daily volume of 25,799 shares. The stock had previously closed at C$4.65.

Tidewater Renewables Trading Down 2.8%

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 business's fifty day simple moving average is C$3.44 and its two-hundred day simple moving average is C$2.95. The company has a market cap of C$164.58 million, a price-to-earnings ratio of -0.45 and a beta of -0.17.

Tidewater Renewables Company Profile

(Get Free Report)

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.

Featured Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Tidewater Renewables Right Now?

Before you consider Tidewater Renewables, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tidewater Renewables wasn't on the list.

While Tidewater Renewables currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

 The Best Nuclear Energy Stocks to Buy Cover

Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.

Get This Free Report
Like this article? Share it with a colleague.