Sherritt International (TSE:S) Stock Price Down 9.3% – What’s Next?

Sherritt International Co. (TSE:S) shares dropped 9.3% on Tuesday . The stock traded as low as C$0.20 and last traded at C$0.20. Approximately 463,192 shares were traded during trading, an increase of 20% from the average daily volume of 384,395 shares. The stock had previously closed at C$0.22.

Wall Street Analyst Weigh In

Separately, National Bankshares decreased their price target on Sherritt International from C$0.50 to C$0.35 and set a “sector perform” rating for the company in a research note on Tuesday, October 15th.

Sherritt International Price Performance

The stock has a market cap of C$81.44 million, a P/E ratio of -0.64, a PEG ratio of 0.02 and a beta of 1.53. The company has a debt-to-equity ratio of 65.78, a current ratio of 1.28 and a quick ratio of 1.24. The business’s fifty day moving average price is C$0.17 and its 200 day moving average price is C$0.19.

Sherritt International (TSE:S) last issued its earnings results on Wednesday, October 30th. The company reported C($0.03) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C($0.03). Sherritt International had a negative return on equity of 20.46% and a negative net margin of 86.00%. During the same period in the previous year, the firm posted ($0.05) earnings per share. Sell-side analysts forecast that Sherritt International Co. will post 0.0576923 EPS for the current fiscal year.

Sherritt International Company Profile

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.