Sherritt International (TSE:S) Shares Up 7.7% – What’s Next?

Sherritt International Co. (TSE:S)’s share price shot up 7.7% during mid-day trading on Tuesday . The company traded as high as C$0.14 and last traded at C$0.14. 224,958 shares changed hands during trading, a decline of 81% from the average session volume of 1,207,934 shares. The stock had previously closed at C$0.13.

Analyst Upgrades and Downgrades

Separately, National Bank Financial set a C$0.30 price target on shares of Sherritt International and gave the stock a “sector perform” rating in a research note on Wednesday, April 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Sherritt International has a consensus rating of “Hold” and an average target price of C$0.30.

Sherritt International Stock Up 3.8%

The business has a fifty day moving average of C$0.23 and a 200 day moving average of C$0.20. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 65.78. The firm has a market cap of C$94.94 million, a P/E ratio of -0.96, a P/E/G ratio of 0.02 and a beta of -0.45.

Sherritt International (TSE:S) last issued its earnings results on Tuesday, February 10th. The company reported C($0.03) earnings per share (EPS) for the quarter. The company had revenue of C$163.20 million for the quarter. Sherritt International had a negative return on equity of 20.46% and a negative net margin of 86.00%. On average, equities research analysts predict 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.