Sherritt International (TSE:S) Shares Down 12.8% – Here’s What Happened

Sherritt International Co. (TSE:S) was down 12.8% on Tuesday. The company traded as low as C$0.20 and last traded at C$0.20. 1,573,519 shares were traded during mid-day trading, a decline of 3% from the average daily volume of 1,621,328 shares. The stock had previously closed at C$0.23.

Sherritt International Price Performance

The company has a market capitalization of C$130.23 million, a PE ratio of -0.88, a PEG ratio of 0.02 and a beta of -0.70. The firm has a fifty day moving average of C$0.25 and a two-hundred day moving average of C$0.21. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 65.78.

Sherritt International (TSE:S) last announced its quarterly earnings results on Wednesday, August 12th. The company reported C($0.04) EPS for the quarter. Sherritt International had a negative return on equity of 20.46% and a negative net margin of 86.00%. The company had revenue of C$132.10 million during the quarter. Research analysts anticipate that Sherritt International Co. will post 0.06 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.