Sherritt International (TSE:S) Trading Down 9.3% – Should You Sell?

Sherritt International Co. (TSE:S) shares traded down 9.3% during mid-day trading on Tuesday . The company traded as low as C$0.20 and last traded at C$0.20. Approximately 463,192 shares were traded during trading, an increase of 20% from the average daily volume of 384,395 shares. The stock had previously closed at C$0.22.

Wall Street Analyst Weigh In

Separately, National Bankshares decreased their price objective on shares of Sherritt International from C$0.50 to C$0.35 and set a “sector perform” rating on the stock in a research report on Tuesday, October 15th.

Sherritt International Price Performance

The company has a market capitalization of C$81.44 million, a P/E ratio of -0.64, a P/E/G ratio of 0.02 and a beta of 1.53. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 65.78. The business’s fifty day moving average price is C$0.17 and its 200-day moving average price is C$0.19.

Sherritt International (TSE:S) last announced its quarterly earnings data on Wednesday, October 30th. The company reported C($0.03) EPS for the quarter, meeting the consensus estimate of C($0.03). Sherritt International had a negative return on equity of 20.46% and a negative net margin of 86.00%. During the same quarter last year, the firm posted ($0.05) EPS. As a group, sell-side analysts predict that Sherritt International Co. will post 0.0576923 earnings per share for the current fiscal year.

Sherritt International Company Profile

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.