Sherritt International (TSE:S) Stock Price Breaks Above 200-Day Moving Average – What’s Next?

Sherritt International Co. (TSE:S)’s stock price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$0.21 and traded as high as C$0.27. Sherritt International shares last traded at C$0.26, with a volume of 333,284 shares traded.

Sherritt International Trading Down 4.3%

The firm has a market capitalization of C$158.39 million, a P/E ratio of -1.07, a P/E/G ratio of 0.02 and a beta of -0.58. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 65.78. The stock has a 50 day simple moving average of C$0.28 and a 200-day simple moving average of C$0.21.

Sherritt International (TSE:S) last issued its quarterly earnings data on Wednesday, August 12th. The company reported C($0.04) earnings per share for the quarter. The business had revenue of C$132.10 million during the quarter. Sherritt International had a negative return on equity of 20.46% and a negative net margin of 86.00%. On average, equities research analysts forecast that Sherritt International Co. will post 0.06 EPS for the current fiscal 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.