Sherritt International (TSE:S) Trading Down 5.3% – Should You Sell?

Sherritt International Co. (TSE:S)’s stock price was down 5.3% during mid-day trading on Monday . The stock traded as low as C$0.18 and last traded at C$0.18. Approximately 100,922 shares were traded during trading, a decline of 75% from the average daily volume of 396,762 shares. The stock had previously closed at C$0.19.

Wall Street Analyst Weigh In

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

Sherritt International Price Performance

The business’s 50-day simple moving average is C$0.18 and its two-hundred day simple moving average is C$0.19. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 65.78. The firm has a market cap of C$73.50 million, a price-to-earnings ratio of -0.58, a P/E/G ratio of 0.02 and a beta of 1.53.

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.