Sherritt International (TSE:S) Share 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$0.19 and traded as high as C$0.28. Sherritt International shares last traded at C$0.28, with a volume of 119,171 shares traded.

Analyst Upgrades and Downgrades

Separately, National Bank Financial set a C$0.30 price target on Sherritt International and gave the stock a “sector perform” rating in a research report on Wednesday, April 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Sherritt International presently has a consensus rating of “Hold” and an average price target of C$0.30.

Sherritt International Stock Up 3.8%

The firm has a 50 day simple moving average of C$0.22 and a two-hundred day simple moving average of C$0.19. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 65.78. The stock has a market capitalization of C$193.40 million, a P/E ratio of -1.96, a PEG ratio of 0.02 and a beta of -0.51.

Sherritt International (TSE:S) last released its earnings results on Tuesday, February 10th. The company reported C($0.03) earnings per share for the quarter. Sherritt International had a negative return on equity of 20.46% and a negative net margin of 86.00%.The business had revenue of C$163.20 million for the quarter. On average, equities research analysts expect that Sherritt International Co. will post 0.0576923 earnings per share for the current year.

Sherritt International Company Profile

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.