Tidewater Renewables (TSE:LCFS) Reaches New 1-Year High – Still a Buy?

Tidewater Renewables Ltd. (TSE:LCFS)’s share price reached a new 52-week high on Friday . The stock traded as high as C$8.75 and last traded at C$8.75, with a volume of 9324 shares. The stock had previously closed at C$8.53.

Analyst Ratings Changes

Separately, ATB Cormark Capital Markets upped their target price on shares of 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 equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$8.00.

Tidewater Renewables Stock Up 0.7%

The company has a market capitalization of C$312.98 million, a P/E ratio of 95.44 and a beta of -0.26. 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 fifty day simple moving average of C$6.31 and a 200-day simple moving average of C$4.91.

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.