Sherritt International (TSE:S) Stock Jumps 9.3% – Still a Buy?

Sherritt International Co. (TSE:S) shares were up 9.3% on Monday. The stock traded as high as C$0.29 and last traded at C$0.29. 537,107 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 1,793,903 shares. The stock had previously closed at C$0.27.

Sherritt International Stock Up 7.4%

The firm has a market cap of C$204.15 million, a P/E ratio of -1.38, a P/E/G ratio of 0.02 and a beta of -0.18. The firm’s fifty day moving average is C$0.24 and its 200 day moving average is C$0.20. The company has a debt-to-equity ratio of 65.78, a quick ratio of 1.24 and a current ratio of 1.28.

Sherritt International (TSE:S) last issued its quarterly earnings data on Wednesday, August 12th. The company reported C($0.04) earnings per share (EPS) for the quarter. Sherritt International had a negative return on equity of 20.46% and a negative net margin of 86.00%.The company had revenue of C$132.10 million for the quarter. As a group, equities research analysts anticipate 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.