Sherritt International (TSE:S) Shares Down 6.3% – What’s Next?

Sherritt International Co. (TSE:S) shares fell 6.3% during trading on Wednesday . The stock traded as low as C$0.29 and last traded at C$0.30. 801,412 shares traded hands during trading, a decline of 60% from the average daily volume of 2,014,937 shares. The stock had previously closed at C$0.32.

Sherritt International Stock Down 7.0%

The firm’s 50-day simple moving average is C$0.18 and its 200 day simple moving average is C$0.19. The company has a debt-to-equity ratio of 65.78, a quick ratio of 1.24 and a current ratio of 1.28. The stock has a market capitalization of C$209.43 million, a P/E ratio of -1.42, a PEG ratio of 0.02 and a beta of -0.73.

Sherritt International (TSE:S) last announced its quarterly earnings data on Wednesday, August 12th. The company reported C($0.04) earnings per share for the quarter. The company had revenue of C$132.10 million during the quarter. Sherritt International had a negative net margin of 86.00% and a negative return on equity of 20.46%. As a group, research analysts expect 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.