Sherritt International (TSE:S) Reaches New 1-Year Low – What’s Next?

Sherritt International Co. (TSE:S) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as C$0.16 and last traded at C$0.16, with a volume of 151617 shares traded. The stock had previously closed at C$0.16.

Wall Street Analysts Forecast Growth

Separately, National Bankshares decreased their target price on Sherritt International from C$0.50 to C$0.35 and set a “sector perform” rating on the stock in a report on Tuesday, October 15th.

Sherritt International Stock Down 3.1 %

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 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 business has a fifty day moving average of C$0.17 and a 200 day moving average of C$0.20.

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.