Sherritt International (TSE:S) Trading Down 8.9% – Here’s What Happened

Sherritt International Co. (TSE:S)’s share price dropped 8.9% on Monday . The stock traded as low as C$0.20 and last traded at C$0.21. Approximately 924,211 shares changed hands during trading, an increase of 240% from the average daily volume of 271,469 shares. The stock had previously closed at C$0.23.

Sherritt International Stock Down 2.2%

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$109.18 million, a P/E ratio of -1.38, a P/E/G ratio of 0.02 and a beta of 0.59. The stock’s 50-day simple moving average is C$0.15 and its 200-day simple moving average is C$0.14.

Sherritt International (TSE:S) last announced its earnings results on Wednesday, November 5th. The company reported C($0.03) earnings per share for the quarter. The business had revenue of C$39.70 million during the quarter. Sherritt International had a negative return on equity of 20.46% and a negative net margin of 86.00%. As a group, research analysts predict that Sherritt International Co. will post 0.0576923 earnings per share for the current fiscal year.

About Sherritt International

Sherritt International Corp is engaged in the mining and refining of nickel from lateritic ores with projects and operations in Canada, Cuba, and North America. Its segment includes Moa JV and Fort site, Metals Other, Power, and Technologies and Corporate. The Moa JV and Fort site segment includes the mining, processing, and refining of nickel and cobalt. Metals Other segment is comprised of buying, marketing and selling certain of Moa Joint Venture’s nickel and cobalt production. Its Power segment constructs and operates an electricity generating plant whereas The Technologies and Corporate segment consist of the metallurgical technology business and general corporate activities.