Sherritt International (TSE:S) Trading Down 5.9% – Here’s Why

Sherritt International Co. (TSE:S) shares fell 5.9% during mid-day trading on Tuesday . The stock traded as low as C$0.16 and last traded at C$0.16. 201,854 shares were traded during mid-day trading, a decline of 41% from the average session volume of 339,909 shares. The stock had previously closed at C$0.17.

Wall Street Analyst Weigh In

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

Sherritt International Stock Performance

The business’s fifty day moving average price is C$0.18 and its 200-day moving average price is C$0.22. 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 stock has a market cap of C$63.57 million, a PE ratio of -0.50, a P/E/G ratio of 0.02 and a beta of 1.53.

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.