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

Sherritt International Co. (TSE:S) shares hit a new 52-week low on Thursday . The stock traded as low as C$0.13 and last traded at C$0.13, with a volume of 105860 shares. The stock had previously closed at C$0.14.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on S. National Bank Financial raised Sherritt International to a “hold” rating in a report on Thursday. National Bankshares reduced their target price on shares of Sherritt International from C$0.30 to C$0.25 and set a “sector perform” rating for the company in a research note on Friday.

Sherritt International Stock Performance

The company has a market capitalization of C$57.61 million, a PE ratio of -0.45, a price-to-earnings-growth ratio of 0.02 and a beta of 1.53. The stock’s fifty day simple moving average is C$0.16 and its 200-day simple moving average is C$0.17. 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.