Sherritt International (TSE:S) Trading Up 3.8% – Here’s What Happened

Sherritt International Co. (TSE:S)’s stock price traded up 3.8% on Wednesday . The stock traded as high as C$0.42 and last traded at C$0.41. 4,282,731 shares were traded during mid-day trading, an increase of 155% from the average daily volume of 1,681,490 shares. The stock had previously closed at C$0.39.

Sherritt International Stock Performance

The company has a market capitalization of C$316.79 million, a P/E ratio of -2.14, a price-to-earnings-growth ratio of 0.02 and a beta of -0.73. 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 company’s 50 day moving average is C$0.15 and its 200-day moving average is C$0.18.

Sherritt International (TSE:S) last released its earnings results on Wednesday, August 12th. The company reported C($0.04) 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 business had revenue of C$132.10 million for the quarter. Equities analysts anticipate that Sherritt International Co. will post 0.0576923 EPS for the current fiscal year.

About Sherritt International

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.