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

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

Tidewater Renewables Price Performance

The company has a current ratio of 1.15, a quick ratio of 0.10 and a debt-to-equity ratio of 114.04. The company’s 50 day moving average price is C$4.17 and its 200 day moving average price is C$3.92. The company has a market cap of C$151.85 million, a price-to-earnings ratio of 8.69 and a beta of -0.28.

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.