Tidewater Renewables (TSE:LCFS) Hits New 12-Month High – Should You Buy?

Tidewater Renewables Ltd. (TSE:LCFS)’s share price reached a new 52-week high on Thursday . The stock traded as high as C$8.30 and last traded at C$8.30, with a volume of 21736 shares traded. The stock had previously closed at C$8.09.

Analyst Upgrades and Downgrades

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

Tidewater Renewables Trading Up 5.8%

The firm’s 50-day simple moving average is C$5.80 and its 200-day simple moving average is C$4.75. The company has a quick ratio of 0.10, a current ratio of 1.38 and a debt-to-equity ratio of 128.35. The firm has a market capitalization of C$311.88 million, a PE ratio of 95.11 and a beta of -0.26.

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.