Sherritt International (TSE:S) Sets New 1-Year Low – Should You Sell?

Sherritt International Co. (TSE:S) shares reached a new 52-week low on Friday . The stock traded as low as C$0.11 and last traded at C$0.11, with a volume of 943308 shares trading hands. The stock had previously closed at C$0.11.

Wall Street Analysts Forecast Growth

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

Sherritt International Stock Up 9.1%

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$84.39 million, a P/E ratio of -0.86, a PEG ratio of 0.02 and a beta of -0.45. The firm has a 50-day moving average price of C$0.23 and a two-hundred day moving average price of C$0.20.

Sherritt International (TSE:S) last posted its quarterly earnings data on Tuesday, February 10th. The company reported C($0.03) earnings per share for the quarter. The business had revenue of C$163.20 million during the quarter. Sherritt International had a negative net margin of 86.00% and a negative return on equity of 20.46%. Equities research analysts anticipate that Sherritt International Co. will post 0.0576923 EPS 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.