Sherritt International (TSE:S) Shares Down 6.3% – Time to Sell?

Sherritt International Co. (TSE:S) was down 6.3% during trading on Wednesday . The company traded as low as C$0.29 and last traded at C$0.30. 801,412 shares traded hands during trading, a decline of 60% from the average session volume of 2,014,937 shares. The stock had previously closed at C$0.32.

Sherritt International Trading Down 7.0%

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 firm has a market capitalization of C$209.43 million, a P/E ratio of -1.42, a PEG ratio of 0.02 and a beta of -0.73. The business has a 50 day moving average of C$0.18 and a 200-day moving average 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 company had revenue of C$132.10 million during the quarter. Analysts anticipate that Sherritt International Co. will post 0.0576923 EPS 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.