Sherritt International (TSE:S) Share Price Crosses Above Two Hundred Day Moving Average of $0.32

Posted by ABMN Staff on May 9th, 2024

Sherritt International Co. (TSE:S – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$0.32 and traded as high as C$0.34. Sherritt International shares last traded at C$0.33, with a volume of 70,108 shares trading hands.

Analyst Upgrades and Downgrades

Separately, National Bankshares decreased their target price on shares of Sherritt International from C$0.55 to C$0.50 and set a “sector perform” rating on the stock in a research report on Friday, February 9th.

Read Our Latest Research Report on S

Sherritt International Stock Performance

The firm has a market capitalization of C$131.11 million, a PE ratio of -2.06, a price-to-earnings-growth ratio of 0.02 and a beta of 1.63. The company has a debt-to-equity ratio of 57.95, a current ratio of 1.39 and a quick ratio of 1.24. The stock has a 50-day moving average price of C$0.31 and a 200-day moving average price of C$0.32.

Sherritt International (TSE:S – Get Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The company reported C($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.12) by C$0.05. Sherritt International had a negative net margin of 28.93% and a negative return on equity of 9.83%. The business had revenue of C$34.80 million during the quarter. On average, research analysts expect that Sherritt International Co. will post 0.0976331 EPS for the current fiscal year.

Sherritt International Company Profile

(Get Free Report)

Sherritt International Corporation engages in the mining, processing, refining, and sale of nickel and cobalt in North America, Cuba, Europe, Asia, Australia, and internationally. It operates through Metals, Power, Technologies, Oil and Gas, and Corporate segments. The company also produces and sells agricultural fertilizers, such as anhydrous ammonia, granular ammonium sulfate, and crystalline ammonium sulfate; and sulfuric acid, zinc sulfides, and copper sulfides.