Sherritt International (TSE:S) Stock Crosses Below 200 Day Moving Average – Here’s Why

Sherritt International Co. (TSE:SGet Free Report)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$0.19 and traded as low as C$0.12. Sherritt International shares last traded at C$0.12, with a volume of 666,709 shares trading hands.

Analysts Set New Price Targets

Separately, National Bank Financial set a C$0.30 price objective on shares of Sherritt International and gave the company a “sector perform” rating in a report on Wednesday, April 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Sherritt International has an average rating of “Hold” and an average target price of C$0.30.

Read Our Latest Stock Report on S

Sherritt International Stock Performance

The company’s 50 day moving average price is C$0.12 and its 200-day moving average price is C$0.19. The stock has a market cap of C$84.48 million, a P/E ratio of -2.00, a price-to-earnings-growth ratio of 0.02 and a beta of -0.73. 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 (TSE:SGet Free Report) last released its quarterly earnings results on Thursday, June 25th. The company reported C($0.02) earnings per share for the quarter. Sherritt International had a negative net margin of 86.00% and a negative return on equity of 20.46%. The firm had revenue of C$34.00 million for the quarter. Equities analysts forecast that Sherritt International Co. will post 0.0576923 EPS for the current fiscal year.

About Sherritt International

(Get Free Report)

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.

Further Reading

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