Sherritt International (TSE:S) Hits New 12-Month Low – Here’s Why

Sherritt International Co. (TSE:S)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as C$0.18 and last traded at C$0.18, with a volume of 79331 shares changing hands. The stock had previously closed at C$0.18.

Wall Street Analyst Weigh In

Separately, National Bankshares cut their target price 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 note on Tuesday, October 15th.

Sherritt International Stock Down 2.7 %

The firm has a market capitalization of C$71.51 million, a price-to-earnings ratio of -0.56, a P/E/G ratio of 0.02 and a beta of 1.53. The business’s 50-day moving average is C$0.19 and its two-hundred day moving average is C$0.24. The company has a debt-to-equity ratio of 65.78, a quick ratio of 1.24 and a current ratio of 1.28.

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.