Shares of Sherritt International Corp (TSE:S) fell 4.3% on Friday . The company traded as low as C$1.10 and last traded at C$1.11. 516,032 shares traded hands during mid-day trading, a decline of 21% from the average session volume of 653,779 shares. The stock had previously closed at C$1.16.

Separately, Scotiabank restated an “underperform” rating and issued a C$0.85 price target on shares of Sherritt International Corp in a research report on Thursday, July 27th.

The stock has a 50-day moving average price of $0.97 and a 200 day moving average price of $0.89. The company’s market cap is $327.01 million.

Sherritt International Corp (TSE:S) last released its earnings results on Wednesday, July 26th. The company reported C($0.34) EPS for the quarter, missing the consensus estimate of C($0.08) by C($0.26). The firm had revenue of C$76.80 million during the quarter. Sherritt International Corp had a negative net margin of 132.68% and a negative return on equity of 43.19%. Equities research analysts anticipate that Sherritt International Corp will post ($0.95) EPS for the current fiscal year.

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Sherritt International Corp Company Profile

Sherritt International Corporation is engaged in the mining and refining of nickel and cobalt from lateritic ores with projects and operations in Canada, Cuba and Madagascar. The Company’s segments include Metals, Oil and Gas, Power, and Corporate and Other. The Metals segment includes mining, processing and refining nickel and cobalt from lateritic ore bodies, through the partnership with General Nickel Company SA of Cuba (the Moa Joint Venture); an interest in the Ambatovy Joint Venture that owns a nickel operation in Madagascar.

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