Shares of ShaMaran Petroleum Corp. (CVE:SNM - Get Free Report) shot up 8.3% during mid-day trading on Wednesday . The stock traded as high as C$0.13 and last traded at C$0.13. 495,942 shares changed hands during mid-day trading, an increase of 147% from the average session volume of 200,498 shares. The stock had previously closed at C$0.12.
ShaMaran Petroleum Stock Performance
The company has a debt-to-equity ratio of 148.75, a quick ratio of 1.07 and a current ratio of 4.05. The firm's 50 day moving average is C$0.12 and its 200-day moving average is C$0.09. The firm has a market cap of C$340.80 million, a price-to-earnings ratio of -3.75 and a beta of 1.14.
ShaMaran Petroleum (CVE:SNM - Get Free Report) last released its 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%. Sell-side analysts anticipate that ShaMaran Petroleum Corp. will post 0.0271318 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, Director William A.W. Lundin acquired 501,500 shares of the business's stock in a transaction dated Monday, December 23rd. The stock was acquired at an average price of C$0.12 per share, with a total value of C$60,180.00. Company insiders own 25.89% of the company's stock.
ShaMaran Petroleum Company Profile
(
Get Free Report)
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.
Further Reading
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