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

Tidewater Renewables Ltd. (TSE:LCFS) was down 1.1% during trading on Monday . The stock traded as low as C$0.82 and last traded at C$0.87. Approximately 26,337 shares were traded during trading, an increase of 88% from the average daily volume of 13,981 shares. The stock had previously closed at C$0.88.

Analysts Set New Price Targets

LCFS has been the subject of several recent analyst reports. ATB Capital lowered 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. Acumen Capital cut Tidewater Renewables from a “speculative buy” rating to a “hold” rating and lowered their price objective for the stock from C$13.75 to C$4.75 in a research report on Monday, August 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$6.68.

Tidewater Renewables Price Performance

The stock has a 50 day moving average of C$1.45 and a 200-day moving average of C$4.26. The company has a debt-to-equity ratio of 60.43, a quick ratio of 0.10 and a current ratio of 0.30. The company has a market cap of C$30.35 million, a PE ratio of -3.00 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.