Tidewater Renewables (TSE:LCFS) Reaches New 52-Week High on Analyst Upgrade

Tidewater Renewables Ltd. (TSE:LCFS) shares hit a new 52-week high during trading on Friday after ATB Cormark Capital Markets raised their price target on the stock from C$5.00 to C$8.00. ATB Cormark Capital Markets currently has a speculative buy rating on the stock. Tidewater Renewables traded as high as C$7.28 and last traded at C$7.18, with a volume of 10197 shares traded. The stock had previously closed at C$6.62.

Tidewater Renewables Price Performance

The company’s 50-day moving average price is C$5.32 and its two-hundred day moving average price is C$4.59. The company has a debt-to-equity ratio of 110.46, a current ratio of 1.29 and a quick ratio of 0.10. The company has a market capitalization of C$254.53 million, a P/E ratio of 14.56 and a beta of 0.23.

Tidewater Renewables Company Profile

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.