Sherritt International (TSE:S) Trading 22.2% Higher
Shares of Sherritt International Corp (TSE:S) traded up 22.2% during trading on Wednesday . The company traded as high as C$0.11 and last traded at C$0.11, 932,227 shares traded hands during mid-day trading. An increase of 54% from the average session volume of 605,516 shares. The stock had previously closed at C$0.09.
Several equities research analysts have recently weighed in on the stock. TD Securities dropped their target price on shares of Sherritt International from C$0.25 to C$0.20 and set a “hold” rating for the company in a research report on Wednesday, March 4th. 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 report on Wednesday, February 26th.
The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 100.87. The stock has a market cap of $49.66 million and a P/E ratio of -0.13. The firm’s 50-day simple moving average is C$0.15 and its 200 day simple moving average is C$0.21.
Sherritt International Company Profile (TSE:S)
Sherritt International Corporation engages in the mining, refining, and sale of nickel and cobalt from lateritic ores primarily in Europe, Japan, and China. It produces and sells agriculture fertilizers in Western Canada; and provides additional fertilizer storage and administrative facilities in Fort Saskatchewan, Alberta, and Canada.
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