Sherritt International (TSE:S) Share Price Passes Above 200 Day Moving Average – What’s Next?

Sherritt International Co. (TSE:S)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.16 and traded as high as C$0.24. Sherritt International shares last traded at C$0.23, with a volume of 575,278 shares changing hands.

Analysts Set New Price Targets

Separately, National Bankshares upped their price target on shares of Sherritt International from C$0.20 to C$0.35 in a research report on Thursday, January 29th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Sherritt International currently has a consensus rating of “Hold” and an average price target of C$0.35.

Sherritt International Stock Performance

The stock has a market capitalization of C$111.67 million, a P/E ratio of -1.41, a PEG ratio of 0.02 and a beta of 0.40. The stock’s 50-day simple moving average is C$0.21 and its 200 day simple moving average is C$0.16. The company has a debt-to-equity ratio of 65.78, a current ratio of 1.28 and a quick ratio of 1.24.

Sherritt International (TSE:S) last posted its earnings results on Wednesday, November 5th. The company reported C($0.03) earnings per share (EPS) for the quarter. The company had revenue of C$39.70 million for the quarter. Sherritt International had a negative return on equity of 20.46% and a negative net margin of 86.00%. Research analysts expect that Sherritt International Co. will post 0.0576923 EPS for the current fiscal year.

Sherritt International Company Profile

Sherritt International Corp is engaged in the mining and refining of nickel from lateritic ores with projects and operations in Canada, Cuba, and North America. Its segment includes Moa JV and Fort site, Metals Other, Power, and Technologies and Corporate. The Moa JV and Fort site segment includes the mining, processing, and refining of nickel and cobalt. Metals Other segment is comprised of buying, marketing and selling certain of Moa Joint Venture’s nickel and cobalt production. Its Power segment constructs and operates an electricity generating plant whereas The Technologies and Corporate segment consist of the metallurgical technology business and general corporate activities.