Sprott Inc. (TSE:SII) shares rose 12.9% during mid-day trading on Tuesday . The stock traded as high as C$2.96 and last traded at C$2.80. Approximately 841,567 shares were traded during trading, an increase of 321% from the average daily volume of 199,928 shares. The stock had previously closed at C$2.48.
The stock has a market cap of $604.56, a price-to-earnings ratio of 19.53 and a beta of 0.38.
Sprott (TSE:SII) last released its quarterly earnings results on Thursday, November 9th. The company reported C$0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.02 by C$0.11. Sprott had a negative net margin of 11.26% and a negative return on equity of 4.21%.
Sprott Inc is an alternative asset management company. The Company has five segments: Sprott Asset Management LP (SAM), Global Companies, Sprott Resource Lending Corp. (SRLC), Consulting, and Corporate & Other. The SAM segment offers discretionary portfolio management, as well as asset management services to its branded Funds and Managed Accounts.
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