Sherritt International (TSE:S) Trading Down 5.9% – What’s Next?

Sherritt International Co. (TSE:S)’s stock price fell 5.9% on Tuesday . The company traded as low as C$0.16 and last traded at C$0.16. 201,854 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 339,909 shares. The stock had previously closed at C$0.17.

Analyst Ratings Changes

Separately, National Bankshares decreased their price target on Sherritt International from C$0.50 to C$0.35 and set a “sector perform” rating for the company in a research note on Tuesday, October 15th.

Sherritt International Stock Performance

The company has a market cap of C$65.55 million, a price-to-earnings ratio of -0.52, a P/E/G ratio of 0.02 and a beta of 1.53. The company has a debt-to-equity ratio of 65.78, a current ratio of 1.28 and a quick ratio of 1.24. The firm has a fifty day simple moving average of C$0.18 and a 200 day simple moving average of C$0.21.

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.