Sherritt International Corp (S) Trading Up 3.7%
Sherritt International Corp (TSE:S) shares were up 3.7% on Wednesday . The company traded as high as C$1.11 and last traded at C$1.11. Approximately 1,633,367 shares were traded during trading, an increase of 230% from the average daily volume of 494,559 shares. The stock had previously closed at C$1.07.
Separately, Scotiabank restated an “underperform” rating and set a C$0.85 target price on shares of Sherritt International Corp in a research note on Thursday, July 27th.
The company has a 50 day moving average of $0.91 and a 200 day moving average of $0.90. The company’s market cap is $332.90 million.
Sherritt International Corp (TSE:S) last posted its quarterly earnings results on Wednesday, July 26th. The company reported ($0.34) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by $0.26. The business had revenue of $76.80 million during the quarter. Sherritt International Corp had a negative return on equity of 43.19% and a negative net margin of 132.68%. On average, equities analysts forecast that Sherritt International Corp will post ($0.95) earnings per share for the current year.
About Sherritt International Corp
Sherritt International Corporation is engaged in the mining and refining of nickel and cobalt from lateritic ores with projects and operations in Canada, Cuba and Madagascar. The Company’s segments include Metals, Oil and Gas, Power, and Corporate and Other. The Metals segment includes mining, processing and refining nickel and cobalt from lateritic ore bodies, through the partnership with General Nickel Company SA of Cuba (the Moa Joint Venture); an interest in the Ambatovy Joint Venture that owns a nickel operation in Madagascar.
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