Tidewater Renewables (TSE:LCFS) Reaches New 52-Week Low – Should You Sell?

Shares of Tidewater Renewables Ltd. (TSE:LCFS) hit a new 52-week low on Tuesday . The stock traded as low as C$0.65 and last traded at C$0.72, with a volume of 34000 shares traded. The stock had previously closed at C$0.70.

Wall Street Analyst Weigh In

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

Tidewater Renewables Stock Performance

The firm has a market capitalization of C$25.11 million, a P/E ratio of -2.48 and a beta of 1.36. The stock has a fifty day simple moving average of C$1.33 and a two-hundred day simple moving average of C$4.01. The company has a debt-to-equity ratio of 60.43, a current ratio of 0.30 and a quick ratio of 0.10.

About Tidewater Renewables

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.