Tidewater Renewables Ltd. (TSE:LCFS - Get Free Report)'s share price rose 10% during mid-day trading on Thursday . The company traded as high as C$2.85 and last traded at C$2.65. Approximately 70,471 shares were traded during mid-day trading, an increase of 29% from the average daily volume of 54,629 shares. The stock had previously closed at C$2.41.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. ATB Capital raised their target price on Tidewater Renewables from C$3.00 to C$4.00 and gave the company a "speculative buy" rating in a research note on Friday. CIBC boosted their target price on shares of Tidewater Renewables from C$3.00 to C$3.25 and gave the company a "neutral" rating in a report on Friday. Royal Bank of Canada increased their price target on shares of Tidewater Renewables from C$5.00 to C$5.50 and gave the stock a "sector perform" rating in a research note on Monday, January 13th. Finally, Acumen Capital lifted their price target on shares of Tidewater Renewables from C$2.25 to C$3.50 and gave the company a "hold" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of C$4.79.
Get Our Latest Research Report on LCFS
Tidewater Renewables Trading Down 2.7 %
The stock has a market cap of C$113.16 million, a P/E ratio of -0.30 and a beta of 1.36. The firm's 50 day moving average price is C$1.43 and its 200-day moving average price is C$1.42. The company has a debt-to-equity ratio of 114.04, a current ratio of 1.15 and a quick ratio of 0.10.
About Tidewater Renewables
(
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Tidewater Renewables Ltd has been formed to become a multi-faceted, energy transition company. It is focused on the production of low carbon fuels, including renewable diesel, renewable hydrogen and renewable natural gas, as well as carbon capture. The corporation generates revenue from the sale of renewable products.
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