Sherritt International (TSE:S) Trading Down 8.9% – Time to Sell?

Sherritt International Co. (TSE:S) shares dropped 8.9% on Monday . The company traded as low as C$0.20 and last traded at C$0.21. Approximately 924,211 shares traded hands during mid-day trading, an increase of 240% from the average daily volume of 271,469 shares. The stock had previously closed at C$0.23.

Sherritt International Price Performance

The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 65.78. The firm has a market cap of C$136.48 million, a PE ratio of -1.72, a price-to-earnings-growth ratio of 0.02 and a beta of 0.59. The stock has a 50 day simple moving average of C$0.16 and a 200-day simple moving average of C$0.15.

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