Sherritt International (TSE:S) Trading 9.1% Higher – What’s Next?

Sherritt International Co. (TSE:S)’s share price traded up 9.1% during trading on Tuesday . The stock traded as high as C$0.13 and last traded at C$0.12. 1,227,088 shares were traded during mid-day trading, a decline of 5% from the average session volume of 1,290,020 shares. The stock had previously closed at C$0.11.

Wall Street Analysts Forecast Growth

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, According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$0.30.

Sherritt International Trading Up 9.1%

The company has a 50 day moving average of C$0.22 and a 200 day moving average of C$0.20. 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 stock has a market capitalization of C$84.39 million, a price-to-earnings ratio of -0.86, a P/E/G ratio of 0.02 and a beta of -0.45.

Sherritt International (TSE:S) last posted its quarterly earnings data on Tuesday, February 10th. The company reported C($0.03) EPS for the quarter. The firm had revenue of C$163.20 million during the quarter. Sherritt International had a negative net margin of 86.00% and a negative return on equity of 20.46%. On average, research analysts predict that Sherritt International Co. will post 0.0576923 EPS 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.