Sherritt International (TSE:S) Shares Cross Above 200-Day Moving Average – What’s Next?

Shares of Sherritt International Co. (TSE:S) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$0.19 and traded as high as C$0.23. Sherritt International shares last traded at C$0.22, with a volume of 517,901 shares changing hands.

Analyst Ratings Changes

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

Sherritt International Stock Performance

The stock has a market capitalization of C$85.42 million, a PE ratio of -0.67, 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 quick ratio of 1.24 and a current ratio of 1.28. The firm’s 50 day moving average is C$0.17 and its two-hundred day moving average is C$0.19.

Sherritt International (TSE:S) last released its earnings results on Wednesday, October 30th. The company reported C($0.03) EPS for the quarter, hitting 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 in the previous year, the business posted ($0.05) earnings per share. As a group, research analysts predict that Sherritt International Co. will post 0.0576923 earnings per share for the current 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.