ShaMaran Petroleum Corp. (CVE:SNM - Get Free Report)'s share price traded up 13.6% during trading on Monday . The company traded as high as C$0.16 and last traded at C$0.15. Approximately 1,728,256 shares changed hands during trading, an increase of 571% from the average session volume of 257,441 shares. The stock had previously closed at C$0.13.
ShaMaran Petroleum Stock Performance
The firm has a market cap of C$454.40 million, a PE ratio of -3.75 and a beta of 1.14. The company has a 50-day simple moving average of C$0.12 and a two-hundred day simple moving average of C$0.09. 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 posted its quarterly earnings results on Thursday, November 7th. The company reported C$0.04 earnings per share for the quarter. ShaMaran Petroleum had a negative net margin of 12.93% and a negative return on equity of 7.04%. As a group, equities research analysts forecast that ShaMaran Petroleum Corp. will post 0.0271318 earnings per share for the current year.
Insider Activity
In other news, Director Garrett Soden sold 11,113,667 shares of the stock in a transaction 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. Also, Director William A.W. Lundin acquired 501,500 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average price of C$0.12 per share, for a total transaction of C$60,180.00. Insiders own 25.89% of the company's stock.
ShaMaran Petroleum Company Profile
(
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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.
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