Sherritt International (TSE:S) Share Price Passes Above Two Hundred Day Moving Average of $0.33

Sherritt International Co. (TSE:S)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$0.33 and traded as high as C$0.33. Sherritt International shares last traded at C$0.33, with a volume of 161,497 shares traded.

Wall Street Analyst Weigh In

Separately, National Bankshares cut their target price on Sherritt International from C$0.55 to C$0.50 and set a “sector perform” rating for the company in a research report on Friday, February 9th.

Sherritt International Stock Up 3.1 %

The stock has a market capitalization of C$131.11 million, a P/E ratio of -2.06, a P/E/G ratio of 0.02 and a beta of 1.66. The company has a debt-to-equity ratio of 57.95, a current ratio of 1.39 and a quick ratio of 1.24. The firm has a 50-day simple moving average of C$0.30 and a 200 day simple moving average of C$0.33.

Sherritt International (TSE:S) last released its quarterly earnings results on Wednesday, February 7th. The company reported C($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.12) by C$0.05. Sherritt International had a negative net margin of 28.93% and a negative return on equity of 9.83%. The firm had revenue of C$34.80 million during the quarter. On average, equities research analysts forecast that Sherritt International Co. will post 0.0946746 EPS for the current year.

About Sherritt International

Sherritt International Corporation engages in the mining, processing, refining, and sale of nickel and cobalt in North America, Cuba, Europe, Asia, Australia, and internationally. It operates through Metals, Power, Technologies, Oil and Gas, and Corporate segments. The company also produces and sells agricultural fertilizers, such as anhydrous ammonia, granular ammonium sulfate, and crystalline ammonium sulfate; and sulfuric acid, zinc sulfides, and copper sulfides.