Sherritt International (TSE:S) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Sherritt International Co. (TSE:S)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$0.19 and traded as low as C$0.12. Sherritt International shares last traded at C$0.12, with a volume of 666,709 shares trading hands.

Analyst Upgrades and Downgrades

Separately, National Bank Financial set a C$0.30 price target on shares of Sherritt International and gave the stock a “sector perform” rating in a report on Wednesday, April 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Sherritt International currently has an average rating of “Hold” and an average target price of C$0.30.

Sherritt International Price Performance

The company has a 50-day moving average of C$0.12 and a two-hundred day moving average of C$0.19. 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 stock has a market capitalization of C$84.48 million, a PE ratio of -2.00, a P/E/G ratio of 0.02 and a beta of -0.73.

Sherritt International (TSE:S) last posted its quarterly earnings results on Thursday, June 25th. The company reported C($0.02) EPS for the quarter. The business had revenue of C$34.00 million during the quarter. Sherritt International had a negative net margin of 86.00% and a negative return on equity of 20.46%. Sell-side analysts predict that Sherritt International Co. will post 0.0576923 EPS for the current fiscal 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.