Sherritt International (TSE:S) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Sherritt International Co. (TSE:S)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.19 and traded as low as C$0.12. Sherritt International shares last traded at C$0.12, with a volume of 666,709 shares traded.

Wall Street Analyst Weigh In

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 analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Sherritt International has an average rating of “Hold” and a consensus target price of C$0.30.

Sherritt International Stock Down 7.7%

The firm has a 50-day simple moving average of C$0.12 and a 200 day simple moving average of C$0.19. The stock has a market capitalization of C$84.48 million, a P/E ratio of -2.00, a P/E/G ratio of 0.02 and a beta of -0.73. The company has a debt-to-equity ratio of 65.78, a current ratio of 1.28 and a quick ratio of 1.24.

Sherritt International (TSE:S) last posted its earnings results on Thursday, June 25th. The company reported C($0.02) EPS for the quarter. The business had revenue of C$34.00 million for the quarter. Sherritt International had a negative return on equity of 20.46% and a negative net margin of 86.00%. On average, equities research analysts forecast that Sherritt International Co. will post 0.0576923 EPS 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.