Sherritt International (TSE:S) Trading 9.1% Higher – What’s Next?

Shares of Sherritt International Co. (TSE:SGet Free Report) traded up 9.1% on Tuesday . The stock traded as high as C$0.13 and last traded at C$0.12. 1,227,088 shares were traded during trading, a decline of 5% from the average session volume of 1,290,020 shares. The stock had previously closed at C$0.11.

Analyst Ratings Changes

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

View Our Latest Report on Sherritt International

Sherritt International Stock Performance

The company has a debt-to-equity ratio of 65.78, a current ratio of 1.28 and a quick ratio of 1.24. The stock has a 50 day simple moving average of C$0.22 and a two-hundred day simple moving average of C$0.20. The company has a market cap of C$84.39 million, a PE ratio of -0.86, a PEG ratio of 0.02 and a beta of -0.45.

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

Sherritt International Company Profile

(Get Free Report)

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.

Further Reading

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