Sherritt International (TSE:S) Stock Price Up 10% – Still a Buy?

Sherritt International Co. (TSE:S)’s share price rose 10% during trading on Thursday . The company traded as high as C$0.28 and last traded at C$0.28. 2,100,829 shares were traded during trading, an increase of 46% from the average session volume of 1,436,864 shares. The stock had previously closed at C$0.25.

Sherritt International Stock Up 8.0%

The stock has a 50 day moving average price of C$0.13 and a 200 day moving average price of C$0.18. 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 company has a market capitalization of C$190.07 million, a P/E ratio of -4.50, a PEG ratio of 0.02 and a beta of -0.73.

Sherritt International (TSE:S) last released 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 during the quarter. Sherritt International had a negative net margin of 86.00% and a negative return on equity of 20.46%. Equities research analysts forecast 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.