Sherritt International (TSE:S) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Sherritt International Co. (TSE:S) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.17 and traded as high as C$0.24. Sherritt International shares last traded at C$0.24, with a volume of 1,708,648 shares.

Analyst Ratings Changes

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

Sherritt International Price Performance

The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 65.78. The company has a market cap of C$106.70 million, a price-to-earnings ratio of -1.54, a PEG ratio of 0.02 and a beta of -0.31. The stock’s 50-day simple moving average is C$0.22 and its 200 day simple moving average is C$0.17.

About Sherritt International

Sherritt is a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt – metals deemed critical for the energy transition. Leveraging its technical expertise and decades of experience in critical minerals processing, Sherritt is committed to expanding domestic refining capacity and reducing reliance on foreign sources. The Corporation operates a strategically important refinery in Alberta, Canada, recognized as the only significant cobalt refinery and one of just three nickel refineries in North America.