Sherritt International (TSE:S) Sets New 52-Week Low – Time to Sell?

Sherritt International Co. (TSE:S)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.17 and last traded at C$0.18, with a volume of 46909 shares trading hands. The stock had previously closed at C$0.18.

Wall Street Analysts Forecast Growth

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

Sherritt International Stock Down 8.3 %

The firm has a market capitalization of C$65.55 million, a price-to-earnings ratio of -0.56, a price-to-earnings-growth ratio of 0.02 and a beta of 1.53. 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 business has a fifty day moving average price of C$0.19 and a two-hundred day moving average price of C$0.22.

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.