Tidewater Renewables (TSE:LCFS) Trading Down 1.1% – Should You Sell?

Tidewater Renewables Ltd. (TSE:LCFS)’s stock price fell 1.1% on Monday . The company traded as low as C$0.82 and last traded at C$0.87. 26,337 shares changed hands during mid-day trading, an increase of 88% from the average session volume of 13,981 shares. The stock had previously closed at C$0.88.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on LCFS shares. ATB Capital reduced 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 report on Friday, November 15th. Acumen Capital lowered Tidewater Renewables from a “speculative buy” rating to a “hold” rating and reduced their price objective for the company from C$13.75 to C$4.75 in a research note on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$6.68.

Tidewater Renewables Trading Down 1.1 %

The company’s 50-day moving average is C$1.45 and its 200 day moving average is C$4.26. The company has a market cap of C$30.35 million, a price-to-earnings ratio of -3.00 and a beta of 1.36. The company has a quick ratio of 0.10, a current ratio of 0.30 and a debt-to-equity ratio of 60.43.

Tidewater Renewables Company Profile

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.