Tidewater Renewables (TSE:LCFS) Trading Up 10.8% - What's Next?

Tidewater Renewables Ltd. (TSE:LCFS - Get Free Report) rose 10.8% on Friday . The company traded as high as C$2.83 and last traded at C$2.56. Approximately 97,356 shares changed hands during mid-day trading, an increase of 64% from the average daily volume of 59,344 shares. The stock had previously closed at C$2.31.

Analyst Ratings Changes

LCFS has been the subject of a number of research analyst reports. Royal Bank of Canada boosted their price target on Tidewater Renewables from C$5.00 to C$5.50 and gave the company a "sector perform" rating in a report on Monday, January 13th. ATB Capital lowered their price target on Tidewater Renewables from C$5.00 to C$3.00 and set a "speculative buy" rating for the company in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of C$5.75.

Tidewater Renewables Stock Performance

The stock has a market capitalization of C$98.88 million, a P/E ratio of -0.26 and a beta of 1.36. The stock has a 50 day moving average of C$0.92 and a 200 day moving average of C$1.43. The company has a debt-to-equity ratio of 114.04, a quick ratio of 0.10 and a current ratio of 1.15.

About Tidewater Renewables

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.