Sherritt International (TSE:S) Trading Up 3.6% – Still a Buy?

Shares of Sherritt International Co. (TSE:S) rose 3.6% during trading on Thursday . The stock traded as high as C$0.15 and last traded at C$0.15. Approximately 128,352 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 241,919 shares. The stock had previously closed at C$0.14.

Sherritt International Stock Performance

The firm’s 50 day simple moving average is C$0.13 and its 200 day simple moving average is C$0.14. The firm has a market cap of C$71.96 million, a PE ratio of -1.21, a PEG ratio of 0.02 and a beta of 0.46. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 65.78.

Sherritt International (TSE:S) last posted its earnings results on Wednesday, November 5th. The company reported C($0.04) EPS for the quarter. Sherritt International had a negative return on equity of 20.46% and a negative net margin of 86.00%.The firm had revenue of C$39.70 million during the quarter. On average, research analysts forecast that Sherritt International Co. will post 0.0576923 EPS for the current fiscal year.

Sherritt International Company Profile

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.