Tidewater Midstream and Infrastructure (TSE:TWM) Shares Up 66.7% - Here's Why

Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report) shot up 66.7% on Saturday . The stock traded as high as C$0.21 and last traded at C$0.20. 6,932,558 shares were traded during trading, an increase of 1,017% from the average session volume of 620,391 shares. The stock had previously closed at C$0.12.

Wall Street Analyst Weigh In

Several research firms have weighed in on TWM. CIBC increased their price objective on Tidewater Midstream and Infrastructure from C$0.30 to C$0.40 and gave the stock a "neutral" rating in a research report on Thursday, January 9th. Scotiabank lowered their price objective on Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research report on Friday, November 15th. Finally, Atb Cap Markets cut Tidewater Midstream and Infrastructure from a "strong-buy" rating to a "moderate buy" rating in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of C$0.66.

Tidewater Midstream and Infrastructure Stock Performance

The stock has a 50-day simple moving average of C$0.17 and a 200-day simple moving average of C$0.22. The stock has a market cap of C$90.52 million, a P/E ratio of -0.25, a PEG ratio of 0.64 and a beta of 1.67. The company has a debt-to-equity ratio of 183.03, a current ratio of 1.23 and a quick ratio of 0.55.

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.