Sherritt International (TSE:S) Sets New 52-Week Low – Should You Sell?

Shares of Sherritt International Co. (TSE:S) reached a new 52-week low on Monday . The company traded as low as C$0.10 and last traded at C$0.11, with a volume of 6117892 shares. The stock had previously closed at C$0.15.

Analysts Set New Price Targets

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 note on Wednesday, April 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$0.30.

Sherritt International Price Performance

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 business has a 50 day simple moving average of C$0.13 and a 200-day simple moving average of C$0.19. The firm has a market cap of C$73.92 million, a price-to-earnings ratio of -1.75, a P/E/G ratio of 0.02 and a beta of -0.73.

Sherritt International (TSE:S) last posted its earnings results on Thursday, June 25th. The company reported C($0.02) 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$34.00 million during the quarter. Equities research analysts expect that Sherritt International Co. will post 0.0576923 earnings per share 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.