Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report)'s share price rose 41.7% during trading on Friday . The company traded as high as C$0.20 and last traded at C$0.17. Approximately 2,002,192 shares changed hands during trading, an increase of 328% from the average daily volume of 467,351 shares. The stock had previously closed at C$0.12.
Analysts Set New Price Targets
A number of research firms have weighed in on TWM. CIBC increased their target price on Tidewater Midstream and Infrastructure from C$0.30 to C$0.40 and gave the company a "neutral" rating in a report on Thursday, January 9th. Atb Cap Markets lowered shares of Tidewater Midstream and Infrastructure from a "strong-buy" rating to a "moderate buy" rating in a research report on Friday, November 15th. Finally, Scotiabank dropped their price objective on shares of Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of C$0.66.
Check Out Our Latest Analysis on Tidewater Midstream and Infrastructure
Tidewater Midstream and Infrastructure Price Performance
The firm has a market cap of C$90.52 million, a PE ratio of -0.25, a P/E/G ratio of 0.64 and a beta of 1.67. The firm's fifty day simple moving average is C$0.17 and its two-hundred day simple moving average is C$0.22. The company has a quick ratio of 0.55, a current ratio of 1.23 and a debt-to-equity ratio of 183.03.
About Tidewater Midstream and Infrastructure
(
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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.
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