Sherritt International (TSE:S) Sets New 12-Month Low – Here’s Why

Sherritt International Co. (TSE:S)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.18 and last traded at C$0.19, with a volume of 250220 shares trading hands. The stock had previously closed at C$0.19.

Analysts Set New Price Targets

Separately, National Bankshares reduced their target price on Sherritt International from C$0.50 to C$0.35 and set a “sector perform” rating on the stock in a report on Tuesday, October 15th.

Sherritt International Trading Up 2.8 %

The stock has a market cap of C$73.50 million, a P/E ratio of -0.58, a price-to-earnings-growth ratio of 0.02 and a beta of 1.53. The company has a debt-to-equity ratio of 65.78, a quick ratio of 1.24 and a current ratio of 1.28. The firm’s fifty day simple moving average is C$0.19 and its 200-day simple moving average is C$0.24.

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.