Sherritt International (TSE:S) Trading Up 7.1% – Here’s What Happened

Sherritt International Co. (TSE:S) was up 7.1% on Thursday . The stock traded as high as C$0.15 and last traded at C$0.15. Approximately 453,851 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 1,300,458 shares. The stock had previously closed at C$0.14.

Analyst Ratings Changes

Separately, National Bank Financial set a C$0.30 price target on Sherritt International and gave the stock a “sector perform” rating in a research report on Wednesday, April 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$0.30.

Sherritt International Price Performance

The firm has a market capitalization of C$105.60 million, a PE ratio of -2.50, 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$0.12 and its two-hundred day simple moving average is C$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.

Sherritt International (TSE:S) last posted its quarterly earnings results on Thursday, June 25th. The company reported C($0.02) earnings per share (EPS) for the quarter. Sherritt International had a negative net margin of 86.00% and a negative return on equity of 20.46%. The company had revenue of C$34.00 million during the quarter. On average, sell-side analysts forecast 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.