Sherritt International (TSE:S) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Shares of Sherritt International Co. (TSE:S) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.19 and traded as high as C$0.26. Sherritt International shares last traded at C$0.26, with a volume of 274,364 shares traded.

Sherritt International Price Performance

The stock has a market cap of C$183.03 million, a P/E ratio of -1.24, a price-to-earnings-growth ratio of 0.02 and a beta of -0.18. 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 50-day moving average price of C$0.22 and a 200-day moving average price of C$0.19.

Sherritt International (TSE:S) last released its quarterly earnings results on Wednesday, August 12th. The company reported C($0.04) 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 firm had revenue of C$132.10 million for the quarter. On average, analysts forecast 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.