Sherritt International (TSE:S) Trading 6.3% Higher – Still a Buy?

Sherritt International Co. (TSE:S) shot up 6.3% during trading on Friday . The company traded as high as C$0.13 and last traded at C$0.13. 228,014 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 1,372,499 shares. The stock had previously closed at C$0.12.

Analysts Set New Price Targets

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

Sherritt International Stock Performance

The company’s fifty day simple moving average is C$0.12 and its two-hundred day simple moving average is C$0.19. The company has a market capitalization of C$84.48 million, a price-to-earnings ratio of -2.00, a price-to-earnings-growth ratio of 0.02 and a beta of -0.73. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 65.78.

Sherritt International (TSE:S) last announced its quarterly earnings results on Thursday, June 25th. The company reported C($0.02) earnings per share (EPS) 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%. Research analysts forecast that Sherritt International Co. will post 0.0576923 earnings per share 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.