Sherritt International (TSE:S) Shares Down 24.1% – What’s Next?

Sherritt International Co. (TSE:S) shares were down 24.1% on Thursday . The stock traded as low as C$0.11 and last traded at C$0.11. Approximately 2,809,884 shares changed hands during trading, an increase of 135% from the average daily volume of 1,195,213 shares. The stock had previously closed at C$0.15.

Analyst Ratings Changes

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

Sherritt International Stock Performance

The stock has a market capitalization of C$79.12 million, a price-to-earnings ratio of -0.80, a price-to-earnings-growth ratio of 0.02 and a beta of -0.45. The company has a 50 day simple moving average of C$0.23 and a 200-day simple moving average of C$0.20. 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 released its quarterly earnings data on Tuesday, February 10th. The company reported C($0.03) earnings per share for the quarter. The company 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%. As a group, equities research analysts expect that Sherritt International Co. will post 0.0576923 EPS for the current fiscal year.

About Sherritt International

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.