Sherritt International Co. (TSE:S – Get Free Report) shares were up 29.2% during trading on Friday . The company traded as high as C$0.17 and last traded at C$0.15. 4,024,273 shares traded hands during trading, an increase of 201% from the average daily volume of 1,336,970 shares. The stock had previously closed at C$0.12.
Analyst Ratings Changes
Separately, National Bank Financial set a C$0.30 target price on Sherritt International and gave the company a “sector perform” rating in a research report on Wednesday, April 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Sherritt International has a consensus rating of “Hold” and an average price target of C$0.30.
Read Our Latest Report on Sherritt International
Sherritt International Stock Performance
Sherritt International (TSE:S – Get Free Report) last issued its quarterly earnings data on Thursday, June 25th. The company reported C($0.02) earnings per share (EPS) for the quarter. The business had revenue of C$34.00 million for the quarter. Sherritt International had a negative return on equity of 20.46% and a negative net margin of 86.00%. As a group, research analysts anticipate that Sherritt International Co. will post 0.0576923 EPS for the current 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.
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