Sherritt International (S) Shares Down 6.8%

Sherritt International Corp (TSE:S) traded down 6.8% during trading on Friday . The company traded as low as C$1.46 and last traded at C$1.50. 3,667,061 shares traded hands during mid-day 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 research analysts recently issued reports on S shares. Scotiabank raised their price objective on shares of Sherritt International from C$1.30 to C$1.50 and gave the stock a “sector perform” rating in a research report on Thursday, October 26th. National Bank Financial restated a “sector perform” rating on shares of Sherritt International in a research report on Tuesday, October 17th.

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

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About Sherritt International

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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