Sherritt International (TSE:S) Shares Cross Above 200-Day Moving Average of $0.32

Sherritt International Co. (TSE:S)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.32 and traded as high as C$0.32. Sherritt International shares last traded at C$0.32, with a volume of 136,329 shares.

Analysts Set New Price Targets

Separately, National Bankshares dropped their target price on shares of Sherritt International from C$0.55 to C$0.50 and set a “sector perform” rating for the company in a report on Friday, February 9th.

Sherritt International Trading Down 3.0 %

The company has a market cap of C$127.13 million, a PE ratio of -2.00, a P/E/G ratio of 0.02 and a beta of 1.66. The stock’s 50 day moving average is C$0.30 and its 200-day moving average is C$0.32. The company has a quick ratio of 1.24, a current ratio of 1.39 and a debt-to-equity ratio of 57.95.

Sherritt International (TSE:S) last issued its quarterly earnings data on Wednesday, February 7th. The company reported C($0.07) earnings per share for the quarter, topping the consensus estimate of C($0.12) by C$0.05. The company had revenue of C$34.80 million for the quarter. Sherritt International had a negative return on equity of 9.83% and a negative net margin of 28.93%. As a group, sell-side analysts anticipate that Sherritt International Co. will post 0.0946746 EPS for the current year.

About Sherritt International

Sherritt International Corporation engages in the mining, processing, refining, and sale of nickel and cobalt in North America, Cuba, Europe, Asia, Australia, and internationally. It operates through Metals, Power, Technologies, Oil and Gas, and Corporate segments. The company also produces and sells agricultural fertilizers, such as anhydrous ammonia, granular ammonium sulfate, and crystalline ammonium sulfate; and sulfuric acid, zinc sulfides, and copper sulfides.