Sherritt International (TSE:S) Shares Cross Below 200-Day Moving Average – Time to Sell?

Sherritt International Co. (TSE:S) shares passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$0.21 and traded as low as C$0.20. Sherritt International shares last traded at C$0.20, with a volume of 2,199,861 shares changing hands.

Sherritt International Price Performance

The company has a 50 day moving average of C$0.26 and a 200-day moving average of C$0.21. The firm has a market capitalization of C$144.31 million, a P/E ratio of -0.98, a P/E/G ratio of 0.02 and a beta of -0.70. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 65.78.

Sherritt International (TSE:S) last announced its quarterly earnings results on Wednesday, August 12th. The company reported C($0.04) earnings per share (EPS) for the quarter. Sherritt International had a negative net margin of 86.00% and a negative return on equity of 20.46%. The company had revenue of C$132.10 million for the quarter. On average, sell-side analysts predict that Sherritt International Co. will post 0.06 EPS for the current year.

About Sherritt International

Sherritt is a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt – metals deemed critical for the energy transition. Leveraging its technical expertise and decades of experience in critical minerals processing, Sherritt is committed to expanding domestic refining capacity and reducing reliance on foreign sources. The Corporation operates a strategically important refinery in Alberta, Canada, recognized as the only significant cobalt refinery and one of just three nickel refineries in North America.