Tidewater Renewables (TSE:LCFS) Sets New 1-Year Low – Time to Sell?

Shares of Tidewater Renewables Ltd. (TSE:LCFS) reached a new 52-week low during trading on Tuesday . The stock traded as low as C$0.65 and last traded at C$0.72, with a volume of 34000 shares traded. The stock had previously closed at C$0.70.

Analysts Set New Price Targets

Separately, ATB Capital cut their target price on shares of Tidewater Renewables from C$5.00 to C$3.00 and set a “speculative buy” rating for the company in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$6.68.

Tidewater Renewables Price Performance

The company has a debt-to-equity ratio of 60.43, a current ratio of 0.30 and a quick ratio of 0.10. The firm’s 50-day moving average is C$1.28 and its two-hundred day moving average is C$3.92. The company has a market cap of C$25.11 million, a P/E ratio of -2.48 and a beta of 1.36.

About Tidewater Renewables

Tidewater Renewables Ltd. engages in production of renewable fuel in North America. It intends to focus on the production of low carbon fuels, including renewable diesel, renewable hydrogen, and renewable natural gas, as well as carbon capture. The company intends to supply low carbon fuels to investment grade counterparties, existing customers, government entities, Indigenous groups, and others in the transportation, utilities, refining, marketing, and power industries.