Sherritt International (OTCMKTS:SHERF) Shares Cross Below Two Hundred Day Moving Average of $0.36

Sherritt International Co. (OTCMKTS:SHERF – Get Rating) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.36 and traded as low as $0.35. Sherritt International shares last traded at $0.35, with a volume of 3,690 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SHERF shares. TD Securities dropped their target price on Sherritt International from C$1.10 to C$0.90 in a research report on Monday, February 13th. National Bank Financial cut their target price on shares of Sherritt International from C$0.80 to C$0.75 in a research note on Monday, February 13th. Finally, Scotiabank decreased their price target on shares of Sherritt International from C$0.80 to C$0.70 in a research report on Tuesday, February 7th.

Sherritt International Trading Down 4.2 %

The company has a fifty day simple moving average of $0.42 and a two-hundred day simple moving average of $0.36.

Sherritt International Company Profile

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Sherritt International Corp. is engaged in the production and provision of nickel and cobalt from lateritic ores. It operates through the following divisions: Moa Joint Venture and Fort Site, Metals, Oil and Gas, Power, and Corporate and Other. The Moa Joint Venture and Fort Site segment engages in fertilizer operations at Fort Site.