Sherritt International (OTCMKTS:SHERF) Shares Pass Below Two Hundred Day Moving Average of $0.40

Sherritt International Co. (OTCMKTS:SHERF – Get Rating)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.40 and traded as low as $0.38. Sherritt International shares last traded at $0.39, with a volume of 1,200 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. TD Securities cut their price objective on shares of Sherritt International from C$1.10 to C$0.90 in a research report on Monday, February 13th. National Bank Financial lowered their target price on shares of Sherritt International from C$0.80 to C$0.75 in a report on Monday, February 13th. Finally, Scotiabank lowered their target price on shares of Sherritt International from C$0.80 to C$0.70 in a report on Tuesday, February 7th.

Sherritt International Stock Up 2.3 %

The company has a 50 day moving average price of $0.40 and a 200-day moving average price of $0.40.

About Sherritt International

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Sherritt International Corp. is engaged in the production and provision of nickel and cobalt from lateritic ores. It operates through the following divisions: Moa Joint Venture and Fort Site, Metals, Oil and Gas, Power, and Corporate and Other. The Moa Joint Venture and Fort Site segment engages in fertilizer operations at Fort Site.