Tidewater Renewables (TSE:LCFS) Hits New 12-Month Low – Time to Sell?

Tidewater Renewables Ltd. (TSE:LCFS) reached a new 52-week low during trading on Wednesday . The stock traded as low as C$0.80 and last traded at C$0.80, with a volume of 6003 shares trading hands. The stock had previously closed at C$0.87.

Analysts Set New Price Targets

Separately, ATB Capital dropped their target price on Tidewater Renewables from C$5.00 to C$3.00 and set a “speculative buy” rating for the company in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Tidewater Renewables presently has an average rating of “Hold” and a consensus price target of C$6.68.

Tidewater Renewables Trading Down 8.0 %

The firm has a market capitalization of C$27.90 million, a PE ratio of -2.76 and a beta of 1.36. The company has a current ratio of 0.30, a quick ratio of 0.10 and a debt-to-equity ratio of 60.43. The business has a fifty day moving average price of C$1.43 and a two-hundred day moving average price of C$4.23.

Tidewater Renewables Company Profile

Tidewater Renewables Ltd. engages in production of renewable fuel in North America. It intends to focus on the production of low carbon fuels, including renewable diesel, renewable hydrogen, and renewable natural gas, as well as carbon capture. The company intends to supply low carbon fuels to investment grade counterparties, existing customers, government entities, Indigenous groups, and others in the transportation, utilities, refining, marketing, and power industries.