Sherritt International (TSE:S) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Sherritt International Co. (TSE:S)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.17 and traded as low as C$0.17. Sherritt International shares last traded at C$0.18, with a volume of 1,893,309 shares traded.

Analysts Set New Price Targets

Separately, National Bank Financial boosted their price objective on Sherritt International from C$0.20 to C$0.35 in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and an average price target of C$0.35.

Sherritt International Stock Performance

The firm has a market capitalization of C$94.29 million, a price-to-earnings ratio of -1.36, a price-to-earnings-growth ratio of 0.02 and a beta of -0.31. The firm’s 50-day moving average price is C$0.22 and its two-hundred day moving average price 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.

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.