Sherritt International (TSE:S) Shares Down 30.5% – Here’s What Happened

Sherritt International Co. (TSE:S)’s stock price traded down 30.5% during trading on Thursday . The company traded as low as C$0.31 and last traded at C$0.33. 10,736,017 shares were traded during trading, an increase of 484% from the average daily volume of 1,839,722 shares. The stock had previously closed at C$0.47.

Sherritt International Stock Down 27.4%

The company’s fifty day simple moving average is C$0.16 and its 200-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 firm has a market capitalization of C$242.87 million, a PE ratio of -1.64, a price-to-earnings-growth ratio of 0.02 and a beta of -0.73.

Sherritt International (TSE:S) last issued its quarterly earnings data on Wednesday, August 12th. The company reported C($0.04) EPS for the quarter. The business had revenue of C$132.10 million for the quarter. Sherritt International had a negative net margin of 86.00% and a negative return on equity of 20.46%. On average, analysts forecast that Sherritt International Co. will post 0.0576923 EPS for the current 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.