Investment Fund Takota Asset Management issued an open letter Tuesday, calling on the board of directors of Sherritt International Corp. (TSX: T.S, Stock Forum) to buy back shares and review the work of its Ambatovy nickel project in Madagascar.
However, the shares were unchanged at $4.74 on Tuesday, leaving the company with a market cap of $1.4 billion, based on 296.9 million shares outstanding. The 52-week range is $6.17 and $4.17.
(With files from The Canadian Press).