Sherritt International (TSE:S) Sets New 1-Year Low – What’s Next?

Sherritt International Co. (TSE:S) shares hit a new 52-week low on Monday . The stock traded as low as C$0.10 and last traded at C$0.11, with a volume of 6117892 shares. The stock had previously closed at C$0.15.

Analyst Ratings Changes

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

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 company has a market capitalization of C$88.00 million, a PE ratio of -2.08, a P/E/G ratio of 0.02 and a beta of -0.73. The stock has a 50-day simple moving average of C$0.12 and a 200 day simple moving average of C$0.19.

Sherritt International (TSE:S) last announced its quarterly earnings results on Thursday, June 25th. The company reported C($0.02) earnings per share for the quarter. The firm had revenue of C$34.00 million during the quarter. Sherritt International had a negative net margin of 86.00% and a negative return on equity of 20.46%. 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.