Sherritt International (TSE:S) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Sherritt International Co. (TSE:S) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$0.20 and traded as high as C$0.29. Sherritt International shares last traded at C$0.27, with a volume of 649,783 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial set a C$0.30 target price on shares of Sherritt International and gave the stock a “sector perform” rating in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$0.30.

Sherritt International Stock Performance

The company has a market cap of C$186.37 million, a P/E ratio of -1.89, a price-to-earnings-growth ratio of 0.02 and a beta of -0.51. The stock has a 50 day moving average price of C$0.23 and a two-hundred day moving average price of 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.

Sherritt International (TSE:S) last released its quarterly earnings results on Tuesday, February 10th. The company reported C($0.03) earnings per share (EPS) for the quarter. Sherritt International had a negative net margin of 86.00% and a negative return on equity of 20.46%. The firm had revenue of C$163.20 million during the quarter. On average, research analysts predict that Sherritt International Co. will post 0.0576923 earnings per share for the current fiscal year.

Sherritt International Company Profile

Sherritt is a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt – metals deemed critical for the energy transition. Leveraging its technical expertise and decades of experience in critical minerals processing, Sherritt is committed to expanding domestic refining capacity and reducing reliance on foreign sources. The Corporation operates a strategically important refinery in Alberta, Canada, recognized as the only significant cobalt refinery and one of just three nickel refineries in North America.