Tidewater Renewables (TSE:LCFS) Shares Up 98.4% - Still a Buy?

Tidewater Renewables Ltd. (TSE:LCFS - Get Free Report) shares traded up 98.4% during mid-day trading on Friday . The stock traded as high as C$1.45 and last traded at C$1.25. 504,966 shares changed hands during mid-day trading, an increase of 1,726% from the average session volume of 27,659 shares. The stock had previously closed at C$0.63.

Analyst Upgrades and Downgrades

LCFS has been the topic of a number of recent analyst reports. ATB Capital decreased their target price on shares of Tidewater Renewables from C$5.00 to C$3.00 and set a "speculative buy" rating on the stock in a research report on Friday, November 15th. Royal Bank of Canada upped their price objective on shares of Tidewater Renewables from C$5.00 to C$5.50 and gave the stock a "sector perform" rating in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of C$5.75.

Tidewater Renewables Price Performance

The company has a market capitalization of C$73.12 million, a PE ratio of -0.19 and a beta of 1.36. The company has a debt-to-equity ratio of 114.04, a current ratio of 1.15 and a quick ratio of 0.10. The stock's 50 day simple moving average is C$0.80 and its 200-day simple moving average is C$1.44.

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.