Sherritt International Corp (TSE:S) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.73 and last traded at C$0.73, with a volume of 106804 shares traded. The stock had previously closed at C$0.73.
Separately, National Bank Financial decreased their target price on shares of Sherritt International from C$2.00 to C$1.75 and set an “outperform” rating for the company in a research report on Saturday, July 14th.
Sherritt International (TSE:S) last released its earnings results on Tuesday, July 31st. The company reported C($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.01). The business had revenue of C$46.50 million during the quarter. Sherritt International had a net margin of 1,008.94% and a return on equity of 243.42%.
Sherritt International Corporation engages in mining and refining nickel from lateritic ores in Canada, Cuba, and Madagascar. The company operates through Moa JV and Fort Site, Ambatovy JV, Metals Other, Oil and Gas, Power, and Corporate and Other segments. The Moa JV and Fort Site segment is involved in mining, processing, and refining of nickel and cobalt; and the production and sale of agricultural fertilizers.
Further Reading: Outstanding Shares
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