Tidewater Renewables (TSE:LCFS) Sets New 1-Year High – Still a Buy?

Tidewater Renewables Ltd. (TSE:LCFSGet Free Report) shares reached a new 52-week high during trading on Friday . The stock traded as high as C$7.28 and last traded at C$7.18, with a volume of 10197 shares. The stock had previously closed at C$6.62.

Tidewater Renewables Price Performance

The firm has a fifty day moving average of C$5.27 and a two-hundred day moving average of C$4.56. The company has a current ratio of 1.29, a quick ratio of 0.10 and a debt-to-equity ratio of 110.46. The company has a market capitalization of C$254.90 million, a PE ratio of 14.58 and a beta of 0.23.

Tidewater Renewables Company Profile

(Get Free Report)

Tidewater Renewables is a multi-faceted, energy transition company. The Corporation is focused on the production of low carbon fuels, including renewable diesel and sustainable aviation fuel. The Corporation was created in response to the growing demand for renewable fuels in North America and to capitalize on its potential to efficiently turn a wide variety of renewable feedstocks (such as canola oil, soybean oil, used cooking oil, distillers corn oil, tallow, and other biomasses) into low carbon fuels.

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