Bullboard - Stock Discussion Forum Sherritt International Corp T.S

Alternate Symbol(s): SHERF

Metals & Mining Copper

Sherritt International Corporation is a Canada-based company engaged in the mining and refining of nickel and cobalt metals essential for the adoption of electric vehicles through hydrometallurgical processes. The Company is engaged in the production of high purity nickel and cobalt metals from lateritic ore. Its technologies group creates solutions for oil and mining companies around the world... see more

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Sherritt International Corp > Highly indebted underperformed as per expert analysis

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Post by Stratocheif on Feb 22, 2023 11:14am

Highly indebted underperformed as per expert analysis

Sherritt International generated a negative expected return over the last 90 days

Sherritt International has some characteristics of a very speculative penny stock

Sherritt International has high historical volatility and very poor performance

Sherritt International has high likelihood to experience some financial distress in the next 2 years

The company currently holds 304.4 M in liabilities with Debt to Equity (D/E) ratio of 1.23, which is about average as compared to similar companies. Sherritt International has a current ratio of 0.43, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Sherritt International until it has trouble settling it off, either with new capital or with free cash flow. So, Sherritt International's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt.

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