Sherritt International (TSE:S) Trading Up 6.3% – Time to Buy?

Sherritt International Co. (TSE:S)’s stock price traded up 6.3% during trading on Friday . The stock traded as high as C$0.13 and last traded at C$0.13. Approximately 228,014 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 1,372,499 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 target on shares of Sherritt International and gave the company a “sector perform” rating in a research report on Wednesday, April 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$0.30.

Sherritt International Stock Up 4.2%

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 company has a market capitalization of C$88.00 million, a P/E ratio of -2.08, a price-to-earnings-growth ratio of 0.02 and a beta of -0.73. The company has a 50-day moving average of C$0.12 and a two-hundred day moving average of C$0.19.

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