Sherritt International (TSE:S) Trading Down 30.5% – What’s Next?

Shares of Sherritt International Co. (TSE:S) traded down 30.5% during trading on Thursday . The company traded as low as C$0.31 and last traded at C$0.33. Approximately 10,736,017 shares traded hands during mid-day trading, an increase of 484% from the average session volume of 1,839,722 shares. The stock had previously closed at C$0.47.

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 firm has a market cap of C$242.87 million, a price-to-earnings ratio of -1.64, a price-to-earnings-growth ratio of 0.02 and a beta of -0.73. The stock’s 50 day simple moving average is C$0.16 and its 200-day simple moving average is C$0.18.

Sherritt International (TSE:S) last issued its quarterly earnings results on Wednesday, August 12th. 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$132.10 million for the quarter. Equities research analysts anticipate that Sherritt International Co. will post 0.0576923 EPS 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.