Sherritt International (TSE:S) Shares Up 17% – Still a Buy?

Shares of Sherritt International Co. (TSE:S) traded up 17% during mid-day trading on Tuesday . The company traded as high as C$0.29 and last traded at C$0.28. 3,239,964 shares traded hands during trading, an increase of 96% from the average session volume of 1,655,283 shares. The stock had previously closed at C$0.24.

Sherritt International Price Performance

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 market capitalization of C$121.59 million, a PE ratio of -1.53, a PEG ratio of 0.02 and a beta of 0.59. The stock has a 50-day moving average price of C$0.16 and a 200 day moving average price of C$0.15.

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. The business had revenue of C$39.70 million for the quarter. Sherritt International had a negative net margin of 86.00% and a negative return on equity of 20.46%. Equities analysts forecast 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.