Sherritt International (TSE:S) Shares Up 3.8% – Here’s Why

Sherritt International Co. (TSE:S) shares shot up 3.8% on Wednesday . The company traded as high as C$0.42 and last traded at C$0.41. Approximately 4,282,731 shares were traded during trading, an increase of 155% from the average daily volume of 1,681,490 shares. The stock had previously closed at C$0.39.

Sherritt International Trading Up 15.4%

The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 65.78. The stock has a 50-day simple moving average of C$0.15 and a two-hundred day simple moving average of C$0.18. The firm has a market capitalization of C$316.79 million, a P/E ratio of -2.14, a price-to-earnings-growth ratio of 0.02 and a beta of -0.73.

Sherritt International (TSE:S) last released its quarterly earnings data on Wednesday, August 12th. The company reported C($0.04) earnings per share for the quarter. The firm had revenue of C$132.10 million during the quarter. Sherritt International had a negative net margin of 86.00% and a negative return on equity of 20.46%. On average, equities research analysts anticipate that Sherritt International Co. will post 0.0576923 earnings per share 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.