ShaMaran Petroleum (CVE:SNM) Sets New 52-Week High - Should You Buy?

ShaMaran Petroleum Corp. (CVE:SNM - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$0.16 and last traded at C$0.16, with a volume of 84150 shares changing hands. The stock had previously closed at C$0.16.

ShaMaran Petroleum Price Performance

The firm's 50 day simple moving average is C$0.12 and its 200 day simple moving average is C$0.09. The company has a market cap of C$454.40 million, a price-to-earnings ratio of -3.75 and a beta of 1.14. The company has a quick ratio of 1.07, a current ratio of 4.05 and a debt-to-equity ratio of 148.75.

ShaMaran Petroleum (CVE:SNM - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported C$0.04 earnings per share (EPS) for the quarter. ShaMaran Petroleum had a negative net margin of 12.93% and a negative return on equity of 7.04%. Sell-side analysts anticipate that ShaMaran Petroleum Corp. will post 0.0271318 EPS for the current fiscal year.

Insider Activity at ShaMaran Petroleum

In other ShaMaran Petroleum news, Director William A.W. Lundin acquired 501,500 shares of the firm's stock in a transaction on Monday, December 23rd. The stock was purchased at an average cost of C$0.12 per share, for a total transaction of C$60,180.00. Also, Director Garrett Soden sold 11,113,667 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of C$0.15, for a total transaction of C$1,667,050.05. Company insiders own 25.89% of the company's stock.

ShaMaran Petroleum Company Profile

ShaMaran Petroleum Corp., together with its subsidiaries, engages in the oil and gas exploration and production. It holds interest in the Atrush Block production sharing contract; and in the Sarsang Production Sharing Contract in the Kurdistan region of Iraq. The company was incorporated in 1991 and is headquartered in Vancouver, Canada.