Sherritt International (TSE:S) Trading Up 7.1% – Here’s What Happened

Sherritt International Co. (TSE:S) shares were up 7.1% on Thursday . The company traded as high as C$0.15 and last traded at C$0.15. Approximately 453,851 shares traded hands during trading, a decline of 65% from the average session volume of 1,300,458 shares. The stock had previously closed at C$0.14.

Wall Street Analyst Weigh In

Separately, National Bank Financial set a C$0.30 target price on shares of Sherritt International and gave the company a “sector perform” rating in a report on Wednesday, April 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of C$0.30.

Sherritt International Trading Up 7.1%

The company has a debt-to-equity ratio of 65.78, a current ratio of 1.28 and a quick ratio of 1.24. The business’s 50 day simple moving average is C$0.12 and its 200 day simple moving average is C$0.18. The company has a market capitalization of C$105.60 million, a price-to-earnings ratio of -2.50, a price-to-earnings-growth ratio of 0.02 and a beta of -0.73.

Sherritt International (TSE:S) last issued its quarterly earnings results on Thursday, June 25th. The company reported C($0.02) earnings per share (EPS) for the quarter. Sherritt International had a negative net margin of 86.00% and a negative return on equity of 20.46%. The company had revenue of C$34.00 million during the quarter. Research analysts anticipate that Sherritt International Co. will post 0.0576923 EPS for the current year.

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.