Tidewater Renewables (TSE:LCFS) Sets New 52-Week High – Here’s Why

Tidewater Renewables Ltd. (TSE:LCFS) reached a new 52-week high on Thursday . The stock traded as high as C$7.35 and last traded at C$7.35, with a volume of 31318 shares. The stock had previously closed at C$7.00.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets upped their target price on Tidewater Renewables from C$5.00 to C$8.00 and gave the company a “speculative buy” rating in a report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Tidewater Renewables has a consensus rating of “Buy” and an average target price of C$8.00.

Tidewater Renewables Trading Up 5.0%

The firm has a market capitalization of C$267.64 million, a price-to-earnings ratio of 81.67 and a beta of 0.23. The company has a fifty day moving average price of C$5.46 and a 200-day moving average price of C$4.64. The company has a current ratio of 1.38, a quick ratio of 0.10 and a debt-to-equity ratio of 128.35.

About Tidewater Renewables

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.