Sherritt International (TSE:S) Stock Price Down 12.8% – Time to Sell?

Sherritt International Co. (TSE:S) fell 12.8% on Tuesday. The stock traded as low as C$0.20 and last traded at C$0.20. 1,573,519 shares changed hands during trading, a decline of 3% from the average daily volume of 1,621,328 shares. The stock had previously closed at C$0.23.

Sherritt International Trading Down 12.8%

The stock has a 50-day moving average price of C$0.26 and a two-hundred day moving average price of C$0.21. The stock has a market capitalization of C$144.31 million, a PE ratio of -0.98, a PEG ratio of 0.02 and a beta of -0.58. The company has a debt-to-equity ratio of 65.78, a quick ratio of 1.24 and a current ratio of 1.28.

Sherritt International (TSE:S) last released its earnings results on Wednesday, August 12th. The company reported C($0.04) earnings per share (EPS) for the quarter. The firm had revenue of C$132.10 million during 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 forecast that Sherritt International Co. will post 0.06 earnings per share 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.