Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report)'s share price shot up 66.7% during mid-day trading on Saturday . The company traded as high as C$0.21 and last traded at C$0.20. 6,932,558 shares changed hands 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 equities analysts have commented on TWM shares. CIBC increased their price target 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 note on Friday, November 15th. Finally, Scotiabank cut their target price on shares of Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research report on Friday, November 15th. One equities research 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 an average rating of "Hold" and an average target price of C$0.66.
Check Out Our Latest Report on Tidewater Midstream and Infrastructure
Tidewater Midstream and Infrastructure Price Performance
The firm has a market cap of C$90.52 million, a P/E ratio of -0.25, a price-to-earnings-growth ratio of 0.64 and a beta of 1.67. The stock's 50-day moving average is C$0.17 and its 200-day 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.
Tidewater Midstream and Infrastructure Company Profile
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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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