Sherritt International (TSE:S) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Sherritt International Co. (TSE:S)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.17 and traded as high as C$0.19. Sherritt International shares last traded at C$0.18, with a volume of 286,209 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial increased their price objective on shares of Sherritt International from C$0.20 to C$0.35 in a research note on Thursday, January 29th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$0.35.

Sherritt International Trading Down 1.4%

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 company has a market capitalization of C$90.57 million, a PE ratio of -1.30, a PEG ratio of 0.02 and a beta of 0.40. The stock has a fifty day moving average of C$0.22 and a 200 day moving average of C$0.17.

About Sherritt International

Sherritt International Corp is engaged in the mining and refining of nickel from lateritic ores with projects and operations in Canada, Cuba, and North America. Its segment includes Moa JV and Fort site, Metals Other, Power, and Technologies and Corporate. The Moa JV and Fort site segment includes the mining, processing, and refining of nickel and cobalt. Metals Other segment is comprised of buying, marketing and selling certain of Moa Joint Venture’s nickel and cobalt production. Its Power segment constructs and operates an electricity generating plant whereas The Technologies and Corporate segment consist of the metallurgical technology business and general corporate activities.