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flag Sherritt International shares rose despite a quarterly loss, as trading hit C$0.24 on strong volume.

flag Sherritt International (TSE:S) shares rose above their 200-day moving average, hitting a high of C$0.24 and closing at C$0.23 on Thursday, with 575,278 shares traded. flag The company reported a quarterly loss of C($0.03) per share on C$39.70 million in revenue, with a negative net margin of 86% and return on equity of 20.46%. flag Despite ongoing profitability challenges, analysts maintain a "Hold" rating with a C$0.35 average price target. flag The firm operates nickel and cobalt mining and refining projects in Canada, Cuba, and North America.

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