Sherritt International (TSE:S) Reaches New 1-Year Low at $0.18

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Sherritt International Corp (TSE:S)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as C$0.18 and last traded at C$0.18, with a volume of 832371 shares changing hands. The stock had previously closed at C$0.18.

Separately, TD Securities cut their price target on Sherritt International from C$0.55 to C$0.50 and set a “hold” rating for the company in a report on Wednesday, March 13th.

The company has a debt-to-equity ratio of 67.04, a current ratio of 1.27 and a quick ratio of 1.10. The firm has a market cap of $73.50 million and a P/E ratio of -0.55.

Sherritt International (TSE:S) last posted its quarterly earnings results on Thursday, April 25th. The company reported C($0.14) EPS for the quarter, missing the consensus estimate of C($0.05) by C($0.09). The business had revenue of C$31.90 million during the quarter. As a group, equities research analysts predict that Sherritt International Corp will post -0.11 earnings per share for the current year.

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About Sherritt International (TSE:S)

Sherritt International Corporation engages in the mining, refining, and sale of nickel and cobalt from lateritic ores primarily in Europe, Japan, and China. It produces and sells agriculture fertilizers in Western Canada; and provides additional fertilizer storage and administrative facilities in Fort Saskatchewan, Alberta, and Canada.

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