Sherritt International (TSE:S) Stock Price Down 9.3% – Here’s Why

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

Analysts Set New Price Targets

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

Sherritt International Stock Up 2.7 %

The company has a market capitalization of C$75.49 million, a price-to-earnings ratio of -0.59, a PEG 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 firm’s 50 day simple moving average is C$0.17 and its 200-day simple moving average 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 analysts’ consensus estimates of C($0.03). Sherritt International had a negative net margin of 86.00% and a negative return on equity of 20.46%. During the same period in the prior year, the company earned ($0.05) earnings per share. On average, sell-side analysts anticipate that Sherritt International Co. will post 0.0576923 EPS for the current fiscal year.

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.