Sherritt International (TSE:S) Shares Up 29.2% – Should You Buy?

Sherritt International Co. (TSE:S)’s share price was up 29.2% during trading on Friday . The company traded as high as C$0.17 and last traded at C$0.15. Approximately 4,024,273 shares were traded during trading, an increase of 201% from the average daily volume of 1,336,970 shares. The stock had previously closed at C$0.12.

Wall Street Analyst Weigh In

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

Sherritt International Trading Up 33.3%

The firm has a market capitalization of C$112.63 million, a P/E ratio of -2.67, a PEG ratio of 0.02 and a beta of -0.73. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 65.78. The firm has a 50 day moving average of C$0.13 and a 200-day moving average of C$0.19.

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

Sherritt International Company Profile

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.