Sherritt International (TSE:S) Reaches New 1-Year High – Here’s What Happened

Shares of Sherritt International Co. (TSE:S) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$0.35 and last traded at C$0.33, with a volume of 5450050 shares trading hands. The stock had previously closed at C$0.31.

Sherritt International Trading Up 12.9%

The company has a market capitalization of C$246.39 million, a price-to-earnings ratio of -1.67, a P/E/G ratio of 0.02 and a beta of -0.73. The company has a 50-day moving average price of C$0.14 and a 200-day moving average price of C$0.18. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 65.78.

Sherritt International (TSE:S) last posted its quarterly earnings data on Wednesday, August 12th. The company reported C($0.04) earnings per share for the quarter. Sherritt International had a negative return on equity of 20.46% and a negative net margin of 86.00%.The business had revenue of C$132.10 million for the quarter. 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.