Sherritt International (TSE:S) Sets New 12-Month Low at $0.18

Shares of Sherritt International Corp (TSE:S) hit a new 52-week low during trading on Wednesday . The company traded as low as C$0.18 and last traded at C$0.18, with a volume of 832371 shares traded. The stock had previously closed at C$0.18.

Separately, TD Securities dropped their price target on shares of Sherritt International from C$0.55 to C$0.50 and set a “hold” rating on the stock in a research report on Wednesday, March 13th.

The company has a debt-to-equity ratio of 67.04, a quick ratio of 1.10 and a current ratio of 1.27. The stock has a market capitalization of $71.51 million and a PE ratio of -0.52.

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