Sherritt International (TSE:S) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Sherritt International Co. (TSE:S) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.20 and traded as high as C$0.25. Sherritt International shares last traded at C$0.25, with a volume of 284,126 shares trading hands.

Sherritt International Price Performance

The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 65.78. The stock has a 50 day simple moving average of C$0.23 and a 200-day simple moving average of C$0.20. The firm has a market cap of C$175.99 million, a PE ratio of -1.19, a price-to-earnings-growth ratio of 0.02 and a beta of -0.18.

Sherritt International (TSE:S) last released its quarterly earnings data on Wednesday, August 12th. The company reported C($0.04) earnings per share for the quarter. Sherritt International had a negative return on equity of 20.46% and a negative net margin of 86.00%.The business had revenue of C$132.10 million during the quarter. Equities analysts anticipate that Sherritt International Co. will post 0.0576923 earnings per share for the current fiscal year.

Sherritt International Company Profile

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.