Tidewater Renewables (TSE:LCFS) Stock Price Down 0.3% – What’s Next?

Tidewater Renewables Ltd. (TSE:LCFS) shares traded down 0.3% during trading on Monday . The company traded as low as C$6.31 and last traded at C$6.35. 4,444 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 7,302 shares. The stock had previously closed at C$6.37.

Tidewater Renewables Price Performance

The company has a market capitalization of C$231.23 million, a price-to-earnings ratio of 13.23 and a beta of 0.23. The company has a current ratio of 1.29, a quick ratio of 0.10 and a debt-to-equity ratio of 110.46. The company has a 50 day moving average price of C$5.13 and a 200 day moving average price of C$4.51.

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.