Sherritt International (TSE:S) Trading 16% Higher – Should You Buy?

Shares of Sherritt International Co. (TSE:S) traded up 16% on Tuesday . The stock traded as high as C$0.15 and last traded at C$0.15. 2,102,410 shares were traded during trading, an increase of 819% from the average session volume of 228,704 shares. The stock had previously closed at C$0.13.

Sherritt International Trading Up 16.0%

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 firm has a 50-day moving average of C$0.13 and a 200-day moving average of C$0.14. The firm has a market capitalization of C$71.96 million, a P/E ratio of -1.21, a price-to-earnings-growth ratio of 0.02 and a beta of 0.46.

Sherritt International (TSE:S) last released its quarterly earnings data on Wednesday, November 5th. The company reported C($0.04) earnings per share 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$39.70 million for the quarter. On average, equities research analysts anticipate that Sherritt International Co. will post 0.0576923 EPS for the current fiscal year.

About Sherritt International

Sherritt International Corp is engaged in the mining and refining of nickel from lateritic ores with projects and operations in Canada, Cuba, and North America. Its segment includes Moa JV and Fort site, Metals Other, Power, and Technologies and Corporate. The Moa JV and Fort site segment includes the mining, processing, and refining of nickel and cobalt.