Sherritt International (TSE:S) Share Price Passes Above 200 Day Moving Average of $0.49

Sherritt International Co. (TSE:S – Get Rating) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.49 and traded as high as C$0.52. Sherritt International shares last traded at C$0.50, with a volume of 509,609 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Scotiabank dropped their price objective on Sherritt International from C$0.70 to C$0.55 in a report on Monday, February 13th. TD Securities dropped their price objective on Sherritt International from C$1.10 to C$0.90 and set a “speculative buy” rating for the company in a report on Monday, February 13th. Finally, National Bankshares decreased their target price on Sherritt International from C$0.80 to C$0.75 and set a “sector perform” rating for the company in a research note on Monday, February 13th.

Sherritt International Stock Down 2.9 %

The firm has a 50-day moving average of C$0.57 and a 200 day moving average of C$0.49. The company has a debt-to-equity ratio of 50.50, a current ratio of 1.17 and a quick ratio of 1.24. The stock has a market capitalization of C$196.66 million, a price-to-earnings ratio of 3.30, a PEG ratio of 0.02 and a beta of 1.76.

Sherritt International Company Profile

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Sherritt International Corporation engages in the mining, refining, and sale of nickel and cobalt from lateritic sources primarily in Canada and Cuba. It operates through Moa Joint Venture and Fort Site, Metals Other, Oil and Gas, Power, and Technologies segments. The company produces and sells agriculture fertilizers in Western Canada; and provides additional fertilizer storage and administrative facilities in Fort Saskatchewan, Alberta, and Canada.