Sherritt International (TSE:S) Posts Earnings Results

Sherritt International (TSE:S) released its quarterly earnings results on Wednesday. The company reported C($0.04) earnings per share (EPS) for the quarter, FiscalAI reports. Sherritt International had a negative net margin of 86.00% and a negative return on equity of 20.46%. The firm had revenue of C$132.10 million for the quarter.

Sherritt International Stock Performance

Shares of S traded down C$0.01 on Wednesday, reaching C$0.25. The company’s stock had a trading volume of 1,721,267 shares, compared to its average volume of 1,432,955. The stock’s 50 day simple moving average is C$0.13 and its two-hundred day simple moving average is C$0.18. The company has a debt-to-equity ratio of 65.78, a current ratio of 1.28 and a quick ratio of 1.24. The stock has a market capitalization of C$175.99 million, a P/E ratio of -4.17, a PEG ratio of 0.02 and a beta of -0.73. Sherritt International has a 12-month low of C$0.10 and a 12-month high of C$0.35.

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.