Tidewater Midstream and Infrastructure (TSE:TWM) Hits New 1-Year High – Time to Buy?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) shares reached a new 52-week high on Tuesday . The stock traded as high as C$8.91 and last traded at C$8.70, with a volume of 37023 shares traded. The stock had previously closed at C$8.05.

Tidewater Midstream and Infrastructure Stock Up 9.5%

The company’s 50 day moving average price is C$6.83 and its two-hundred day moving average price is C$5.95. The company has a current ratio of 0.65, a quick ratio of 0.55 and a debt-to-equity ratio of 192.11. The firm has a market cap of C$198.25 million, a PE ratio of -2.34, a PEG ratio of 0.64 and a beta of 0.19.

About Tidewater Midstream and Infrastructure

Tidewater Midstream and Infrastructure Ltd is a Canadian company that is engaged in providing midstream infrastructure and a natural gas storage facility. It mainly focuses on the purchase, sale, and transportation of Natural Gas Liquids (NGLs) such as propane and natural gasoline throughout North America and export to premium markets. The business activities of the company include gathering, processing, and transportation relates to raw gas gathering systems, processing plants and pipelines, NGL marketing and Extraction, refined products, and other activities.