Sherritt International (TSE:S) Trading Up 29.2% – What’s Next?

Sherritt International Co. (TSE:SGet 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

The stock has a market cap of C$109.11 million, a PE ratio of -2.58, a P/E/G ratio of 0.02 and a beta of -0.73. The firm’s 50-day moving average is C$0.13 and its 200 day moving average is C$0.19. The company has a debt-to-equity ratio of 65.78, a quick ratio of 1.24 and a current ratio of 1.28.

Sherritt International (TSE:SGet 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

(Get Free Report)

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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