Tidewater Renewables (TSE:LCFS) Hits New 1-Year High – Still a Buy?

Tidewater Renewables Ltd. (TSE:LCFSGet Free Report)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as C$6.19 and last traded at C$6.19, with a volume of 9345 shares. The stock had previously closed at C$5.90.

Tidewater Renewables Price Performance

The company has a market cap of C$238.51 million, a price-to-earnings ratio of 13.65 and a beta of -0.28. The company’s 50-day simple moving average is C$4.49 and its 200-day simple moving average is C$4.21. The company has a debt-to-equity ratio of 110.46, a current ratio of 1.29 and a quick ratio of 0.10.

Tidewater Renewables Company Profile

(Get Free Report)

Tidewater Renewables is a multi-faceted, energy transition company. The Corporation is focused on the production of low carbon fuels, including renewable diesel and sustainable aviation fuel. The Corporation was created in response to the growing demand for renewable fuels in North America and to capitalize on its potential to efficiently turn a wide variety of renewable feedstocks (such as canola oil, soybean oil, used cooking oil, distillers corn oil, tallow, and other biomasses) into low carbon fuels.

Further Reading

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