Sherritt International (TSE:S) Stock Price Down 6.3% – Should You Sell?

Sherritt International Co. (TSE:S) dropped 6.3% during trading on Wednesday . The company traded as low as C$0.29 and last traded at C$0.30. 801,412 shares were traded during trading, a decline of 60% from the average daily volume of 2,014,937 shares. The stock had previously closed at C$0.32.

Sherritt International Stock Performance

The stock’s fifty day moving average is C$0.18 and its two-hundred day moving average is C$0.19. The firm has a market capitalization of C$200.63 million, a price-to-earnings ratio of -1.36, a price-to-earnings-growth ratio of 0.02 and a beta of -0.73. The company has a debt-to-equity ratio of 65.78, a quick ratio of 1.24 and a current ratio of 1.28.

Sherritt International (TSE:S) last released its quarterly earnings results on Wednesday, August 12th. The company reported C($0.04) earnings per share (EPS) for the quarter. The firm had revenue of C$132.10 million for the quarter. Sherritt International had a negative return on equity of 20.46% and a negative net margin of 86.00%. Analysts forecast that Sherritt International Co. will post 0.0576923 earnings per share for the current year.

Sherritt International Company Profile

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.