Tidewater Renewables (TSE:LCFS) Sets New 12-Month Low at $2.21

Shares of Tidewater Renewables Ltd. (TSE:LCFS) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$2.21 and last traded at C$2.19, with a volume of 28350 shares changing hands. The stock had previously closed at C$2.33.

Analyst Ratings Changes

Several brokerages have recently weighed in on LCFS. Acumen Capital lowered shares of Tidewater Renewables from a “speculative buy” rating to a “hold” rating and decreased their target price for the company from C$13.75 to C$4.75 in a research report on Monday, August 19th. ATB Capital decreased their price objective on Tidewater Renewables from C$14.00 to C$8.00 and set an “outperform” rating on the stock in a report on Friday, August 16th. CIBC cut Tidewater Renewables from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from C$12.00 to C$4.50 in a report on Friday, August 16th. Finally, National Bankshares lowered Tidewater Renewables from a “sector perform” rating to an “underperform” rating and decreased their price target for the company from C$12.00 to C$3.50 in a research note on Friday, August 16th. One 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 stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of C$8.34.

Tidewater Renewables Stock Down 8.6 %

The company has a market cap of C$74.29 million, a P/E ratio of -7.34 and a beta of 1.45. The company has a debt-to-equity ratio of 60.43, a current ratio of 0.30 and a quick ratio of 0.10. The business’s 50 day moving average price is C$5.74 and its 200-day moving average price is C$6.72.

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.