Sherritt International (TSE:S) Stock Price Down 7.4%

Sherritt International Co. (TSE:SGet Free Report) shares traded down 7.4% during mid-day trading on Tuesday . The company traded as low as C$0.30 and last traded at C$0.32. 437,507 shares were traded during mid-day trading, an increase of 52% from the average session volume of 288,085 shares. The stock had previously closed at C$0.34.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. TD Securities downgraded Sherritt International from a “speculative buy” rating to a “hold” rating and reduced their target price for the company from C$0.85 to C$0.55 in a research report on Friday, November 3rd. National Bankshares reduced their price target on shares of Sherritt International from C$0.65 to C$0.60 and set a “sector perform” rating on the stock in a research note on Tuesday, October 17th.

View Our Latest Stock Report on Sherritt International

Sherritt International Stock Performance

The firm has a 50 day moving average of C$0.41 and a two-hundred day moving average of C$0.46. The company has a debt-to-equity ratio of 48.16, a current ratio of 1.54 and a quick ratio of 1.24. The stock has a market cap of C$123.16 million, a PE ratio of -6.80, a PEG ratio of 0.02 and a beta of 1.67.

About Sherritt International

(Get Free Report)

Sherritt International Corporation engages in the mining, refining, and sale of nickel and cobalt from lateritic sources primarily in Canada and Cuba. It operates through Moa Joint Venture and Fort Site, Metals Other, Oil and Gas, Power, and Technologies segments. The company produces and sells agriculture fertilizers in Western Canada; and provides additional fertilizer storage and administrative facilities in Fort Saskatchewan, Alberta, and Canada.

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