Sherritt International (TSE:S) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Sherritt International Co. (TSE:S) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.15 and traded as high as C$0.27. Sherritt International shares last traded at C$0.26, with a volume of 183,361 shares traded.

Sherritt International Stock Up 2.0%

The firm has a 50-day simple moving average of C$0.19 and a 200 day simple moving average of C$0.15. The stock has a market capitalization of C$129.04 million, a P/E ratio of -1.63, a P/E/G ratio of 0.02 and a beta of 0.59. The company has a debt-to-equity ratio of 65.78, a current ratio of 1.28 and a quick ratio of 1.24.

Sherritt International (TSE:S) last released its quarterly earnings data on Wednesday, November 5th. The company reported C($0.03) earnings per share (EPS) for the quarter. The firm had revenue of C$39.70 million during the quarter. Sherritt International had a negative net margin of 86.00% and a negative return on equity of 20.46%. On average, equities research analysts forecast that Sherritt International Co. will post 0.0576923 EPS for the current year.

Sherritt International Company Profile

Sherritt International Corp is engaged in the mining and refining of nickel from lateritic ores with projects and operations in Canada, Cuba, and North America. Its segment includes Moa JV and Fort site, Metals Other, Power, and Technologies and Corporate. The Moa JV and Fort site segment includes the mining, processing, and refining of nickel and cobalt. Metals Other segment is comprised of buying, marketing and selling certain of Moa Joint Venture’s nickel and cobalt production. Its Power segment constructs and operates an electricity generating plant whereas The Technologies and Corporate segment consist of the metallurgical technology business and general corporate activities.