Sherritt International (TSE:S) Reaches New 1-Year High – Here’s What Happened

Shares of Sherritt International Co. (TSE:S) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$0.35 and last traded at C$0.33, with a volume of 5450050 shares changing hands. The stock had previously closed at C$0.31.

Sherritt International Price 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 stock has a market capitalization of C$246.39 million, a P/E ratio of -1.67, a PEG ratio of 0.02 and a beta of -0.73. The stock’s fifty day moving average is C$0.14 and its 200-day moving average is 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 for the quarter. The company had revenue of C$132.10 million for the quarter. Sherritt International had a negative net margin of 86.00% and a negative return on equity of 20.46%. On average, equities analysts anticipate 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.