Sherritt International (TSE:S) Reaches New 1-Year Low – What’s Next?

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

Analysts Set New Price Targets

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

Sherritt International Price Performance

The firm has a market cap of C$61.58 million, a price-to-earnings ratio of -0.48, a price-to-earnings-growth ratio of 0.02 and a beta of 1.53. The stock’s 50-day moving average price is C$0.17 and its 200 day moving average price is C$0.20. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 65.78.

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.