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

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.

Shares of Tidewater Renewables Ltd. (TSE:LCFS - ) 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

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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