Tidewater Renewables (TSE:LCFS) Stock Price Down 2.3% – Here’s Why

Tidewater Renewables Ltd. (TSE:LCFS) was down 2.3% during trading on Thursday . The company traded as low as C$4.17 and last traded at C$4.17. Approximately 200 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 4,421 shares. The stock had previously closed at C$4.27.

Tidewater Renewables Price Performance

The company has a debt-to-equity ratio of 114.04, a current ratio of 1.15 and a quick ratio of 0.10. The stock’s 50 day simple moving average is C$4.17 and its two-hundred day simple moving average is C$3.92. The stock has a market cap of C$151.85 million, a price-to-earnings ratio of 8.69 and a beta of -0.28.

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.