Sherritt International (TSE:S) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Sherritt International Co. (TSE:S) crossed 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.

Sherritt International Trading Up 2.0%

The business’s 50 day moving average price is C$0.19 and its two-hundred day moving average price is C$0.15. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 65.78. The company has a market capitalization of C$129.04 million, a price-to-earnings ratio of -1.63, a P/E/G ratio of 0.02 and a beta of 0.59.

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. Sherritt International had a negative return on equity of 20.46% and a negative net margin of 86.00%.The company had revenue of C$39.70 million for the quarter. On average, equities analysts predict that Sherritt International Co. will post 0.0576923 earnings per share for the current fiscal 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.