Sherritt International (TSE:S) Trading Down 15.9% – Should You Sell?

Shares of Sherritt International Co. (TSE:S) traded down 15.9% during mid-day trading on Wednesday . The company traded as low as C$0.17 and last traded at C$0.17. 2,790,452 shares were traded during trading, an increase of 184% from the average session volume of 983,292 shares. The stock had previously closed at C$0.21.

Analyst Upgrades and Downgrades

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

Sherritt International Stock Down 9.8%

The firm has a market capitalization of C$91.81 million, a P/E ratio of -1.32, a PEG ratio of 0.02 and a beta of 0.40. 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 50 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.