Sherritt International (TSE:S) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Shares of Sherritt International Co. (TSE:S) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.17 and traded as high as C$0.19. Sherritt International shares last traded at C$0.18, with a volume of 286,209 shares.

Analyst Ratings Changes

Separately, National Bank Financial lifted their target price on Sherritt International from C$0.20 to C$0.35 in a report on Thursday, January 29th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$0.35.

Sherritt International Price Performance

The company has a market cap of C$90.57 million, a P/E ratio of -1.30, a PEG ratio of 0.02 and a beta of 0.40. The firm’s 50-day moving average is C$0.22 and its two-hundred day moving average is C$0.17. The company has a debt-to-equity ratio of 65.78, a current ratio of 1.28 and a quick ratio of 1.24.

Sherritt International Company Profile

Sherritt International Corp is engaged in the mining and refining of nickel from lateritic ores with projects and operations in Canada, Cuba, and North America. Its segment includes Moa JV and Fort site, Metals Other, Power, and Technologies and Corporate. The Moa JV and Fort site segment includes the mining, processing, and refining of nickel and cobalt. Metals Other segment is comprised of buying, marketing and selling certain of Moa Joint Venture’s nickel and cobalt production. Its Power segment constructs and operates an electricity generating plant whereas The Technologies and Corporate segment consist of the metallurgical technology business and general corporate activities.