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

Shares of Sherritt International Co. (TSE:S) traded up 3.8% during trading on Wednesday . The stock traded as high as C$0.42 and last traded at C$0.41. Approximately 4,282,731 shares changed hands 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 current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 65.78. The stock has a market cap of C$193.59 million, a price-to-earnings ratio of -1.31, a PEG ratio of 0.02 and a beta of -0.73. The stock’s 50 day moving average is C$0.16 and its two-hundred day moving average is C$0.18.

Sherritt International (TSE:S) last posted its quarterly earnings data on Wednesday, August 12th. The company reported C($0.04) 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 during the quarter. Analysts anticipate that Sherritt International Co. will post 0.0576923 earnings per share for the current fiscal 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.