Sherritt International (TSE:S) Trading Down 3% – Time to Sell?

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

Analyst Upgrades and Downgrades

Separately, National Bankshares dropped their price target 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 Price Performance

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 business’s 50 day moving average price is C$0.18 and its two-hundred day moving average price is C$0.21. The stock has a market cap of C$61.58 million, a P/E ratio of -0.48, a price-to-earnings-growth ratio of 0.02 and a beta of 1.53.

Sherritt International Company Profile

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.