Sherritt International (TSE:S) Reaches New 1-Year Low – Here’s Why

Sherritt International Co. (TSE:S)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.10 and last traded at C$0.11, with a volume of 6117892 shares changing hands. The stock had previously closed at C$0.15.

Wall Street Analyst Weigh In

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

Sherritt International Stock Performance

The company has a debt-to-equity ratio of 65.78, a quick ratio of 1.24 and a current ratio of 1.28. The stock’s 50 day moving average price is C$0.13 and its 200 day moving average price is C$0.19. The company has a market capitalization of C$73.92 million, a P/E ratio of -1.75, a price-to-earnings-growth ratio of 0.02 and a beta of -0.73.

Sherritt International (TSE:S) last announced its earnings results on Thursday, June 25th. The company reported C($0.02) earnings per share for the quarter. The firm had revenue of C$34.00 million for the quarter. Sherritt International had a negative return on equity of 20.46% and a negative net margin of 86.00%. As a group, equities analysts expect 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.