Sherritt International (TSE:S) Share Price Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• Technical breakout: Sherritt's stock crossed above its 200‑day moving average (C$0.17), trading as high as C$0.22 and last at C$0.20 on volume of 733,198 shares.
• Analyst update: National Bank Financial raised its target from C$0.20 to C$0.35 on Jan. 29, and the MarketBeat consensus rating remains a Hold with a consensus target of C$0.35.
• Company fundamentals: Sherritt, a hydrometallurgical nickel and cobalt producer operating a key Alberta refinery (one of North America's few nickel refineries and the only significant cobalt refinery), has a market cap of C$96.78M, a negative P/E of -1.39, and a debt‑to‑equity ratio of 65.78.

Sherritt International Co. (TSE:S - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.17 and traded as high as C$0.22. Sherritt International shares last traded at C$0.20, with a volume of 733,198 shares traded.

Analyst Upgrades and Downgrades

Separately, National Bank Financial lifted their target price on Sherritt International from C$0.20 to C$0.35 in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Sherritt International has a consensus rating of "Hold" and a consensus target price of C$0.35.

Sherritt International Price Performance

The company has a 50 day moving average of C$0.21 and a 200-day moving average of C$0.17. The firm has a market capitalization of C$96.78 million, a P/E ratio of -1.39, a P/E/G ratio of 0.02 and a beta of -0.31. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 65.78.

About Sherritt International

Sherritt is a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt - metals deemed critical for the energy transition. Leveraging its technical expertise and decades of experience in critical minerals processing, Sherritt is committed to expanding domestic refining capacity and reducing reliance on foreign sources. The Corporation operates a strategically important refinery in Alberta, Canada, recognized as the only significant cobalt refinery and one of just three nickel refineries in North America.

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