Sherritt International (TSE:S) Trading Down 3% – Here’s Why

Sherritt International Co. (TSE:S) shares traded down 3% during trading on Friday . The stock traded as low as C$0.16 and last traded at C$0.16. 73,988 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 340,169 shares. The stock had previously closed at C$0.17.

Wall Street Analysts Forecast Growth

Separately, National Bankshares cut their price objective on Sherritt International from C$0.50 to C$0.35 and set a “sector perform” rating for the company in a research note on Tuesday, October 15th.

Sherritt International Stock Down 6.1 %

The firm has a market cap of C$61.58 million, a price-to-earnings ratio of -0.48, a P/E/G ratio of 0.02 and a beta of 1.53. The firm has a 50 day moving average price of C$0.18 and a 200-day moving average price of C$0.21. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 65.78.

About Sherritt International

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.