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

Sherritt International Co. (TSE:S) was down 15.9% during mid-day trading on Tuesday . The company traded as low as C$0.17 and last traded at C$0.17. Approximately 2,040,673 shares traded hands during mid-day trading, an increase of 122% from the average daily volume of 920,357 shares. The stock had previously closed at C$0.21.

Analyst Ratings Changes

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

Sherritt International Stock Performance

The business’s fifty day moving average price is C$0.22 and its 200-day moving average price is C$0.16. 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 stock has a market capitalization of C$101.74 million, a PE ratio of -1.46, a P/E/G ratio of 0.02 and a beta of 0.40.

Sherritt International Company Profile

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.