Sherritt International (TSE:S) Shares Up 10% – What’s Next?

Sherritt International Co. (TSE:S) rose 10% on Thursday . The stock traded as high as C$0.28 and last traded at C$0.28. 2,100,829 shares were traded during trading, an increase of 46% from the average session volume of 1,436,864 shares. The stock had previously closed at C$0.25.

Sherritt International Price Performance

The business has a 50-day moving average of C$0.14 and a 200 day moving average of C$0.18. 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 firm has a market capitalization of C$218.23 million, a P/E ratio of -5.17, a price-to-earnings-growth ratio of 0.02 and a beta of -0.73.

Sherritt International (TSE:S) last announced its quarterly earnings data on Wednesday, August 12th. The company reported C($0.04) 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$132.10 million during the quarter. On average, sell-side analysts predict that Sherritt International Co. will post 0.0576923 earnings per share 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.