Sherritt International (TSE:S) Stock Price Up 17% – What’s Next?

Sherritt International Co. (TSE:S) shares shot up 17% on Tuesday . The company traded as high as C$0.29 and last traded at C$0.28. 3,239,964 shares changed hands during mid-day trading, an increase of 96% from the average session volume of 1,655,283 shares. The stock had previously closed at C$0.24.

Sherritt International Stock Up 14.9%

The firm has a 50-day moving average price of C$0.15 and a two-hundred day moving average price of C$0.14. The firm has a market cap of C$134.00 million, a price-to-earnings ratio of -1.69, a price-to-earnings-growth ratio of 0.02 and a beta of 0.59. 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 announced its quarterly earnings results on Wednesday, November 5th. The company reported C($0.03) EPS for the quarter. Sherritt International had a negative net margin of 86.00% and a negative return on equity of 20.46%. The company had revenue of C$39.70 million during the quarter. On average, sell-side analysts forecast that Sherritt International Co. will post 0.0576923 earnings per share for the current year.

Sherritt International Company Profile

Sherritt International Corp is engaged in the mining and refining of nickel from lateritic ores with projects and operations in Canada, Cuba, and North America. Its segment includes Moa JV and Fort site, Metals Other, Power, and Technologies and Corporate. The Moa JV and Fort site segment includes the mining, processing, and refining of nickel and cobalt. Metals Other segment is comprised of buying, marketing and selling certain of Moa Joint Venture’s nickel and cobalt production. Its Power segment constructs and operates an electricity generating plant whereas The Technologies and Corporate segment consist of the metallurgical technology business and general corporate activities.