Sherritt International (TSE:S) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Sherritt International Co. (TSE:S)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.18 and traded as high as C$0.23. Sherritt International shares last traded at C$0.22, with a volume of 1,092,593 shares traded.

Analysts Set New Price Targets

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

Sherritt International Price Performance

The stock’s 50 day simple moving average is C$0.21 and its 200-day simple moving average is C$0.18. The firm has a market cap of C$109.18 million, a price-to-earnings ratio of -1.57, a price-to-earnings-growth ratio of 0.02 and a beta of -0.31. The company has a debt-to-equity ratio of 65.78, a quick ratio of 1.24 and a current ratio of 1.28.

Sherritt International (TSE:S) last posted its quarterly earnings data on Tuesday, February 10th. The company reported C($0.03) EPS for the quarter. The company had revenue of C$163.20 million for the quarter. Sherritt International had a negative return on equity of 20.46% and a negative net margin of 86.00%. Equities research analysts anticipate that Sherritt International Co. will post 0.0576923 EPS for the current fiscal year.

About Sherritt International

Sherritt is a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt – metals deemed critical for the energy transition. Leveraging its technical expertise and decades of experience in critical minerals processing, Sherritt is committed to expanding domestic refining capacity and reducing reliance on foreign sources. The Corporation operates a strategically important refinery in Alberta, Canada, recognized as the only significant cobalt refinery and one of just three nickel refineries in North America.