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

Shares of Tidewater Renewables Ltd. (TSE:LCFSGet Free Report) dropped 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 changed hands during 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 Stock Performance

The stock’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 capitalization of C$151.85 million, a price-to-earnings ratio of 8.69 and a beta of -0.28. The company has a debt-to-equity ratio of 114.04, a quick ratio of 0.10 and a current ratio of 1.15.

Tidewater Renewables Company Profile

(Get Free Report)

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.

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