Tidewater Midstream and Infrastructure (TSE:TWM) Trading 1.1% Higher – Here’s Why

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) shares traded up 1.1% on Monday . The stock traded as high as C$8.18 and last traded at C$8.05. 11,169 shares changed hands during trading, a decline of 49% from the average session volume of 21,921 shares. The stock had previously closed at C$7.96.

Tidewater Midstream and Infrastructure Trading Up 1.1%

The firm has a market cap of C$173.85 million, a P/E ratio of -2.05, a price-to-earnings-growth ratio of 0.64 and a beta of 0.19. The company has a quick ratio of 0.55, a current ratio of 0.65 and a debt-to-equity ratio of 192.11. The firm’s 50-day simple moving average is C$6.72 and its 200 day simple moving average is C$5.91.

Tidewater Midstream and Infrastructure Company Profile

Tidewater Midstream and Infrastructure Ltd is a Canadian company that is engaged in providing midstream infrastructure and a natural gas storage facility. It mainly focuses on the purchase, sale, and transportation of Natural Gas Liquids (NGLs) such as propane and natural gasoline throughout North America and export to premium markets. The business activities of the company include gathering, processing, and transportation relates to raw gas gathering systems, processing plants and pipelines, NGL marketing and Extraction, refined products, and other activities.