Sherritt International (TSE:S) Stock Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Sherritt International Co. (TSE:S)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.17 and traded as low as C$0.17. Sherritt International shares last traded at C$0.18, with a volume of 1,893,309 shares traded.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial raised their target price on shares of Sherritt International from C$0.20 to C$0.35 in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Sherritt International presently has an average rating of “Hold” and a consensus target price of C$0.35.

Sherritt International Price Performance

The company has a market capitalization of C$86.85 million, a price-to-earnings ratio of -1.25, a PEG ratio of 0.02 and a beta of -0.31. The company’s 50 day simple moving average is C$0.22 and its 200-day simple moving average is C$0.17. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 65.78.

Sherritt International Company Profile

Sherritt is a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt – metals deemed critical for the energy transition. Leveraging its technical expertise and decades of experience in critical minerals processing, Sherritt is committed to expanding domestic refining capacity and reducing reliance on foreign sources. The Corporation operates a strategically important refinery in Alberta, Canada, recognized as the only significant cobalt refinery and one of just three nickel refineries in North America.