Sherritt International (TSE:S) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Shares of Sherritt International Co. (TSE:S) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.17 and traded as high as C$0.24. Sherritt International shares last traded at C$0.24, with a volume of 1,708,648 shares traded.

Analysts Set New Price Targets

Separately, National Bank Financial lifted their price target on shares of Sherritt International from C$0.20 to C$0.35 in a research note on Thursday, January 29th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$0.35.

Sherritt International Stock Performance

The stock’s 50-day moving average price is C$0.22 and its 200-day moving average price is C$0.17. The company has a debt-to-equity ratio of 65.78, a quick ratio of 1.24 and a current ratio of 1.28. The company has a market capitalization of C$116.63 million, a price-to-earnings ratio of -1.68, a P/E/G ratio of 0.02 and a beta of -0.31.

About Sherritt International

Sherritt is a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt – metals deemed critical for the energy transition. Leveraging its technical expertise and decades of experience in critical minerals processing, Sherritt is committed to expanding domestic refining capacity and reducing reliance on foreign sources. The Corporation operates a strategically important refinery in Alberta, Canada, recognized as the only significant cobalt refinery and one of just three nickel refineries in North America.