Tidewater Renewables (TSE:LCFS) Sets New 52-Week High – Here’s Why

Tidewater Renewables Ltd. (TSE:LCFS) reached a new 52-week high on Thursday . The stock traded as high as C$7.35 and last traded at C$7.35, with a volume of 31318 shares. The stock had previously closed at C$7.00.

Analyst Ratings Changes

Separately, ATB Cormark Capital Markets increased their price objective on Tidewater Renewables from C$5.00 to C$8.00 and gave the company a “speculative buy” rating in a research report on Friday, March 27th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$8.00.

Tidewater Renewables Stock Up 5.0%

The firm’s 50-day simple moving average is C$5.46 and its 200-day simple moving average is C$4.64. The company has a debt-to-equity ratio of 128.35, a quick ratio of 0.10 and a current ratio of 1.38. The company has a market capitalization of C$267.64 million, a price-to-earnings ratio of 81.67 and a beta of 0.23.

Tidewater Renewables Company Profile

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.