Sherritt International (TSE:S) Reaches New 52-Week Low – Time to Sell?

Shares of Sherritt International Co. (TSE:S) hit a new 52-week low during trading on Friday . The company traded as low as C$0.11 and last traded at C$0.11, with a volume of 943308 shares. The stock had previously closed at C$0.11.

Wall Street Analyst Weigh In

Separately, National Bank Financial set a C$0.30 price target on shares of Sherritt International and gave the stock a “sector perform” rating in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Sherritt International currently has a consensus rating of “Hold” and an average target price of C$0.30.

Sherritt International Price Performance

The business’s 50 day moving average price is C$0.22 and its 200 day moving average price is C$0.20. The stock has a market capitalization of C$77.36 million, a P/E ratio of -0.79, a price-to-earnings-growth ratio of 0.02 and a beta of -0.45. The company has a debt-to-equity ratio of 65.78, a current ratio of 1.28 and a quick ratio of 1.24.

Sherritt International (TSE:S) last announced its quarterly earnings results on Tuesday, February 10th. The company reported C($0.03) EPS for the quarter. The company had revenue of C$163.20 million during the quarter. Sherritt International had a negative return on equity of 20.46% and a negative net margin of 86.00%. Sell-side analysts forecast that Sherritt International Co. will post 0.0576923 EPS for the current 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.