Sherritt International (TSE:S) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Sherritt International Co. (TSE:S)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.18 and traded as high as C$0.23. Sherritt International shares last traded at C$0.22, with a volume of 1,092,593 shares.

Wall Street Analyst Weigh In

Separately, National Bank Financial boosted their price target on Sherritt International from C$0.20 to C$0.35 in a report on Thursday, January 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Sherritt International currently has a consensus rating of “Hold” and an average target price of C$0.35.

Sherritt International Price Performance

The firm has a market cap of C$109.18 million, a PE ratio of -1.57, a P/E/G ratio of 0.02 and a beta of -0.31. The firm’s fifty day simple moving average is C$0.21 and its two-hundred day simple moving average is C$0.18. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 65.78.

Sherritt International (TSE:S) last announced its quarterly earnings data on Tuesday, February 10th. The company reported C($0.03) earnings per share (EPS) for the quarter. The firm had revenue of C$163.20 million during the quarter. Sherritt International had a negative return on equity of 20.46% and a negative net margin of 86.00%. As a group, research analysts expect that Sherritt International Co. will post 0.0576923 EPS for the current year.

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.