Sherritt International (TSE:S) Stock Price Down 12.9% – Here’s Why

Sherritt International Co. (TSE:S)’s stock price traded down 12.9% during trading on Thursday . The company traded as low as C$0.14 and last traded at C$0.14. 633,094 shares changed hands during trading, a decline of 56% from the average session volume of 1,432,263 shares. The stock had previously closed at C$0.15.

Analyst Upgrades and Downgrades

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

Sherritt International Trading Down 12.9%

The company has a market capitalization of C$95.04 million, a price-to-earnings ratio of -2.25, 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. The firm has a fifty day moving average price of C$0.12 and a 200-day moving average price of C$0.19.

Sherritt International (TSE:S) last issued its quarterly earnings results on Thursday, June 25th. The company reported C($0.02) EPS for the quarter. Sherritt International had a negative return on equity of 20.46% and a negative net margin of 86.00%.The company had revenue of C$34.00 million during the quarter. As a group, equities analysts anticipate that Sherritt International Co. will post 0.0576923 EPS for the current 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.