Sherritt International (TSE:S) Stock Price Up 10% – Here’s Why

Sherritt International Co. (TSE:S) rose 10% during trading on Thursday . The company traded as high as C$0.28 and last traded at C$0.28. Approximately 2,100,829 shares changed hands during mid-day trading, an increase of 46% from the average session volume of 1,436,864 shares. The stock had previously closed at C$0.25.

Sherritt International Trading Up 8.0%

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 market capitalization of C$190.07 million, a P/E ratio of -4.50, a PEG ratio of 0.02 and a beta of -0.73. The firm has a 50 day simple moving average of C$0.13 and a two-hundred day simple moving average of C$0.18.

Sherritt International (TSE:S) last posted its earnings results on Wednesday, August 12th. The company reported C($0.04) earnings per share (EPS) for the quarter. The firm had revenue of C$132.10 million during the quarter. Sherritt International had a negative return on equity of 20.46% and a negative net margin of 86.00%. Equities research analysts forecast that Sherritt International Co. will post 0.0576923 earnings per share 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.