Sherritt International (TSE:S) Stock Jumps 9.3% – Here’s What Happened

Sherritt International Co. (TSE:S)’s stock price rose 9.3% on Monday. The stock traded as high as C$0.29 and last traded at C$0.29. Approximately 537,107 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 1,793,903 shares. The stock had previously closed at C$0.27.

Sherritt International Price Performance

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 company’s 50-day simple moving average is C$0.24 and its 200-day simple moving average is C$0.20. The stock has a market capitalization of C$204.15 million, a P/E ratio of -1.38, a price-to-earnings-growth ratio of 0.02 and a beta of -0.18.

Sherritt International (TSE:S) last announced its quarterly earnings data on Wednesday, August 12th. The company reported C($0.04) EPS for the quarter. The firm had revenue of C$132.10 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, sell-side analysts expect that Sherritt International Co. will post 0.0576923 EPS for the current fiscal 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.