Sherritt International Corporation (T:S)
Business Focus: Diversified Mining
Cloudy as of April 01, 2024
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Company News
Apr 23, 2024 18:19 ET
Sherritt Corrects Misleading Information Announced by SC2 Inc. an Affiliate of Seablinc Canada Inc., a Significant Supplier to Sherritt’s Moa Joint Venture
Sherritt International Corporation (“Sherritt” or the “Corporation”) (TSX:S) today issued the following statement in response to misleading information announced by SC2 Inc. (“SC2”) on April 22, 2024 in connection with its mini-tender offer to purchase up to 21,621,621 common shares or approximately 5% of the issued and outstanding shares of Sherritt at a price of $0.37 per common share (the “Offer”), announced on April 8, 2024 and amended on April 11, 2024.
Apr 22, 2024 07:45 ET
16,899,224 SHERRITT SHARES ALREADY TENDERED TO SC2 OFFER
/NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
Valuation Ratios
Industry
Sector
Beta
1.63
--
--
Price to Sales - TTM
0.59
6.04
4.47
Price to Book - most recent quarter
0.21
2.02
2.00
Price to Cash Flow per share - TTM
--
7.82
9.39
Price to Free Cash Flow per share - TTM
21.79
18.77
20.54
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Apr 15, 2024 | 286,956 | 19,085 |
| Mar 31, 2024 | 267,871 | 146,367 |
| Mar 15, 2024 | 121,504 | -2,500 |
Business Summary
| Sector: Basic Materials | Industry: Diversified Mining |
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. 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 to improve environmental performance. It is also the independent energy producer in Cuba. The Company offers a range of products including Nickel, Cobalt, Fertilizers and Other Products. The Nickel products category includes standard grade, steel grade, and nickel powders. The Cobalt products category includes cobalt briquettes and cobalt powders. The Fertilizers product category includes anhydrous ammonia, granular ammonium sulfate, crystalline ammonium sulfate-super salt, and crystalline ammonium sulfate-standard grade. The Other products category includes sulfuric acid, zinc sulfide, and copper sulfide.
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