Sherritt International (TSE:S) Stock Price Down 12.9% – Should You Sell?

Sherritt International Co. (TSE:S)’s stock price traded down 12.9% during mid-day trading on Thursday . The company traded as low as C$0.14 and last traded at C$0.14. Approximately 633,094 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 1,432,263 shares. The stock had previously closed at C$0.15.

Analyst Upgrades and Downgrades

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

Sherritt International Stock Performance

The stock has a market cap of C$95.04 million, a price-to-earnings ratio of -2.25, a P/E/G ratio of 0.02 and a beta of -0.73. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 65.78. The company has a 50 day simple moving average of C$0.12 and a 200 day simple moving average of C$0.19.

Sherritt International (TSE:S) last posted its quarterly earnings results on Thursday, June 25th. The company reported C($0.02) earnings per share for the quarter. The company had revenue of C$34.00 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 forecast that Sherritt International Co. will post 0.0576923 EPS for the current 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.