Sherritt International (S) Shares Down 6.8%

Sherritt International Corp (TSE:S)’s share price traded down 6.8% during mid-day trading on Friday . The stock traded as low as C$1.46 and last traded at C$1.50. 3,667,061 shares traded hands during trading, an increase of 130% from the average session volume of 1,597,002 shares. The stock had previously closed at C$1.61.

Several equities analysts have issued reports on the stock. National Bank Financial reaffirmed a “sector perform” rating on shares of Sherritt International in a report on Tuesday, October 17th. Scotiabank increased their price objective on shares of Sherritt International from C$1.30 to C$1.50 and gave the company a “sector perform” rating in a report on Thursday, October 26th.

The company has a market capitalization of $455.58, a PE ratio of -1.27 and a beta of 1.53.

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Sherritt International Company Profile

Sherritt International Corporation is engaged in the mining and refining of nickel and cobalt from lateritic ores with projects and operations in Canada, Cuba and Madagascar. The Company’s segments include Metals, Oil and Gas, Power, and Corporate and Other. The Metals segment includes mining, processing and refining nickel and cobalt from lateritic ore bodies, through the partnership with General Nickel Company SA of Cuba (the Moa Joint Venture); an interest in the Ambatovy Joint Venture that owns a nickel operation in Madagascar.

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