Sherritt International (TSE:S) Shares Up 17% – Time to Buy?

Sherritt International Co. (TSE:S) shot up 17% during trading on Tuesday . The company traded as high as C$0.29 and last traded at C$0.28. 3,239,964 shares changed hands during mid-day trading, an increase of 96% from the average session volume of 1,655,283 shares. The stock had previously closed at C$0.24.

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 firm has a market cap of C$134.00 million, a P/E ratio of -1.69, a PEG ratio of 0.02 and a beta of 0.59. The company’s 50-day moving average is C$0.15 and its two-hundred day moving average is C$0.14.

Sherritt International (TSE:S) last issued its quarterly earnings results on Wednesday, November 5th. The company reported C($0.03) earnings per share for the quarter. The firm had revenue of C$39.70 million for the quarter. Sherritt International had a negative return on equity of 20.46% and a negative net margin of 86.00%. Sell-side analysts anticipate that Sherritt International Co. will post 0.0576923 EPS for the current fiscal year.

Sherritt International Company Profile

Sherritt International Corp is engaged in the mining and refining of nickel from lateritic ores with projects and operations in Canada, Cuba, and North America. Its segment includes Moa JV and Fort site, Metals Other, Power, and Technologies and Corporate. The Moa JV and Fort site segment includes the mining, processing, and refining of nickel and cobalt. Metals Other segment is comprised of buying, marketing and selling certain of Moa Joint Venture’s nickel and cobalt production. Its Power segment constructs and operates an electricity generating plant whereas The Technologies and Corporate segment consist of the metallurgical technology business and general corporate activities.