Sherritt International (TSE:S) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Sherritt International Co. (TSE:S)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.17 and traded as high as C$0.22. Sherritt International shares last traded at C$0.20, with a volume of 733,198 shares.

Analyst Upgrades and Downgrades

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

Sherritt International Trading Down 7.1%

The firm’s fifty day simple moving average is C$0.21 and its 200 day simple moving average is C$0.17. The stock has a market capitalization of C$96.78 million, a P/E ratio of -1.39, a price-to-earnings-growth ratio of 0.02 and a beta of -0.31. The company has a debt-to-equity ratio of 65.78, a quick ratio of 1.24 and a current ratio of 1.28.

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.