Sherritt International (TSE:S) Reaches New 12-Month Low – Should You Sell?

Shares of Sherritt International Co. (TSE:S) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$0.16 and last traded at C$0.17, with a volume of 119691 shares trading hands. The stock had previously closed at C$0.17.

Analysts Set New Price Targets

Separately, National Bankshares lowered 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 Trading Down 5.9 %

The company has a debt-to-equity ratio of 65.78, a quick ratio of 1.24 and a current ratio of 1.28. The company has a market capitalization of C$63.57 million, a P/E ratio of -0.50, a P/E/G ratio of 0.02 and a beta of 1.53. The company has a 50-day simple moving average of C$0.18 and a 200 day simple moving average of C$0.21.

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.