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

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

Sherritt International Stock Performance

The company has a market cap 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 current ratio of 1.28 and a quick ratio of 1.24. The business has a 50-day moving average of C$0.26 and a 200 day moving average of C$0.21.

Sherritt International (TSE:S) last released its quarterly 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 for the quarter. Sherritt International had a negative net margin of 86.00% and a negative return on equity of 20.46%. Equities research analysts anticipate that Sherritt International Co. will post 0.06 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.