Sherritt International (TSE:S) Sets New 52-Week Low – Here’s What Happened

Shares of Sherritt International Co. (TSE:S) reached a new 52-week low during mid-day trading on Friday . The company traded as low as C$0.16 and last traded at C$0.16, with a volume of 151617 shares. The stock had previously closed at C$0.16.

Wall Street Analyst Weigh In

Separately, National Bankshares cut their price target on 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 Price Performance

The company’s 50-day simple moving average is C$0.17 and its two-hundred day simple moving average is C$0.20. The firm has a market capitalization of C$63.57 million, a P/E ratio of -0.50, 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 current ratio of 1.28 and a quick ratio of 1.24.

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.