Tidewater Midstream and Infrastructure (TSE:TWM) Reaches New 52-Week High – Here’s Why

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$8.91 and last traded at C$8.70, with a volume of 37023 shares. The stock had previously closed at C$8.05.

Tidewater Midstream and Infrastructure Trading Up 6.6%

The company has a debt-to-equity ratio of 192.11, a quick ratio of 0.55 and a current ratio of 0.65. The company has a 50 day simple moving average of C$6.72 and a two-hundred day simple moving average of C$5.91. The company has a market cap of C$185.29 million, a PE ratio of -2.18, a PEG ratio of 0.64 and a beta of 0.19.

Tidewater Midstream and Infrastructure Company Profile

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.