Sherritt International (TSE:S) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Sherritt International Co. (TSE:S) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.16 and traded as high as C$0.24. Sherritt International shares last traded at C$0.23, with a volume of 575,278 shares.

Wall Street Analysts Forecast Growth

Separately, National Bankshares boosted their price target on shares of Sherritt International from C$0.20 to C$0.35 in a research report on Thursday, January 29th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$0.35.

Sherritt International Price Performance

The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 65.78. The firm’s fifty day moving average price is C$0.21 and its 200 day moving average price is C$0.16. The stock has a market cap of C$111.67 million, a PE ratio of -1.41, a P/E/G ratio of 0.02 and a beta of 0.40.

Sherritt International (TSE:S) last announced its quarterly earnings results on Wednesday, November 5th. The company reported C($0.03) EPS for the quarter. Sherritt International had a negative return on equity of 20.46% and a negative net margin of 86.00%.The company had revenue of C$39.70 million during the quarter. As a group, equities analysts expect that Sherritt International Co. will post 0.0576923 EPS for the current fiscal year.

Sherritt International Company Profile

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. Metals Other segment is comprised of buying, marketing and selling certain of Moa Joint Venture’s nickel and cobalt production. Its Power segment constructs and operates an electricity generating plant whereas The Technologies and Corporate segment consist of the metallurgical technology business and general corporate activities.