Sherritt International (TSE:S) Trading Up 12.8% – Here’s Why

Shares of Sherritt International Co. (TSE:S) shot up 12.8% during mid-day trading on Tuesday . The company traded as high as C$0.27 and last traded at C$0.27. 1,504,453 shares changed hands during trading, an increase of 45% from the average session volume of 1,036,029 shares. The stock had previously closed at C$0.24.

Sherritt International Trading Up 17.0%

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 firm has a 50 day moving average price of C$0.15 and a 200 day moving average price of C$0.14. The stock has a market capitalization of C$136.48 million, a PE ratio of -1.72, a P/E/G ratio of 0.02 and a beta of 0.59.

Sherritt International (TSE:S) last announced its earnings results on Wednesday, November 5th. The company reported C($0.03) earnings per share (EPS) 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$39.70 million for the quarter. Equities analysts expect that Sherritt International Co. will post 0.0576923 EPS for the current fiscal year.

Sherritt International Company Profile

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.