In January, I wrote about
purchasing 600 shares of Sherritt International at $2.40 per share. Sherritt International has resource based company with operations in Canada, Cuba and Madagascar. Sherritt International is involved in the production of nickel, cobalt, oil and electricity.
On February 26, my limit order went through for the sale of the 600 shares at $2.60 a share.
Initial Cost: $1446.00 including commissions
Proceeds of Sale : $1554.00 including commissions
Profit = $1554.00-$1446.00 = $108.00
ROI = $108/$1446.00 = 7.47%
 |
| Click to Enlarge |
|
DISCLAIMER:
I
am not a financial planner, financial advisor, accountant or tax
attorney. The information on this blog represents my own thoughts and
opinions and should NOT be taken as investment or business advice. Every
individual should do their due diligence to make their own financial
decisions based on their financial situation and tolerance for risk.
No comments:
Post a Comment