Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report) shares were up 66.7% during mid-day trading on Saturday . The stock traded as high as C$0.21 and last traded at C$0.20. Approximately 6,932,558 shares traded hands during trading, an increase of 1,017% from the average daily volume of 620,391 shares. The stock had previously closed at C$0.12.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on TWM shares. CIBC lifted 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 research note on Thursday, January 9th. Atb Cap Markets downgraded Tidewater Midstream and Infrastructure from a "strong-buy" rating to a "moderate buy" rating in a research note on Friday, November 15th. Finally, Scotiabank decreased their target price on Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of C$0.66.
Check Out Our Latest Analysis on TWM
Tidewater Midstream and Infrastructure Trading Down 4.5 %
The company has a 50-day moving average price of C$0.17 and a two-hundred day moving average price of C$0.22. The company has a current ratio of 1.23, a quick ratio of 0.55 and a debt-to-equity ratio of 183.03. The stock has a market cap of C$90.52 million, a P/E ratio of -0.25, a P/E/G ratio of 0.64 and a beta of 1.67.
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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