Leon Binedell Purchases 79,000 Shares of Sherritt International Co. (TSE:S) Stock

Sherritt International Co. (TSE:S) Director Leon Binedell bought 79,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 20th. The shares were bought at an average price of C$0.15 per share, with a total value of C$11,455.00.

Leon Binedell also recently made the following trade(s):

• On Wednesday, May 21st, Leon Binedell bought 266,000 shares of Sherritt International stock. The shares were bought at an average price of C$0.15 per share, with a total value of C$39,820.20.

Sherritt International Stock Performance

TSE S opened at C$0.15 on Friday. Sherritt International Co. has a fifty-two week low of C$0.13 and a fifty-two week high of C$0.34. The company has a debt-to-equity ratio of 65.78, a quick ratio of 1.24 and a current ratio of 1.28. The stock has a 50 day simple moving average of C$0.14 and a two-hundred day simple moving average of C$0.16. The stock has a market cap of C$57.61 million, a P/E ratio of -0.45, a price-to-earnings-growth ratio of 0.02 and a beta of 1.53.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on S. National Bankshares dropped their target price on Sherritt International from C$0.30 to C$0.25 and set a “sector perform” rating for the company in a report on Friday, April 11th. National Bank Financial upgraded Sherritt International to a “hold” rating in a report on Thursday, April 10th.

About Sherritt International

Sherritt International Corp is engaged in the mining and refining of nickel from lateritic ores with projects and operations in Canada, Cuba, and North America. Its segment includes Moa JV and Fort site, Metals Other, Power, and Technologies and Corporate. The Moa JV and Fort site segment includes the mining, processing, and refining of nickel and cobalt.