Sherritt International (TSE:S) Shares Pass Below Fifty Day Moving Average of $0.19

Shares of Sherritt International Corp (TSE:S) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.19 and traded as low as $0.21. Sherritt International shares last traded at $0.21, with a volume of 127,068 shares.

Several research analysts have recently commented on the stock. TD Securities decreased their price target on shares of West Fraser Timber from C$83.00 to C$80.00 and set a “buy” rating for the company in a report on Monday, April 29th. National Bank Financial lowered shares of Detour Gold to a “hold” rating in a report on Friday, June 28th.

The company has a market cap of $85.42 million and a P/E ratio of -0.65. The company has a 50-day moving average price of C$0.20. The company has a debt-to-equity ratio of 67.04, a current ratio of 1.27 and a quick ratio of 1.10.

Sherritt International (TSE:S) last released its quarterly earnings results on Thursday, April 25th. The company reported C($0.14) EPS for the quarter, missing analysts’ consensus estimates of C($0.05) by C($0.09). The business had revenue of C$31.90 million for the quarter. Equities research analysts expect that Sherritt International Corp will post -0.1125581 EPS for the current fiscal year.

Sherritt International Company Profile (TSE:S)

Sherritt International Corporation engages in the mining, refining, and sale of nickel and cobalt from lateritic ores primarily in Europe, Japan, and China. It produces and sells agriculture fertilizers in Western Canada; and provides additional fertilizer storage and administrative facilities in Fort Saskatchewan, Alberta, and Canada.

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