ShaMaran Petroleum (CVE:SNM) Stock Price Up 8.3% - Still a Buy?

ShaMaran Petroleum Corp. (CVE:SNM - Get Free Report) shot up 8.3% during trading on Wednesday . The stock traded as high as C$0.13 and last traded at C$0.13. 495,942 shares were traded during 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 stock'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 capitalization of C$340.80 million, a PE ratio of -3.75 and a beta of 1.14. The company has a debt-to-equity ratio of 148.75, a quick ratio of 1.07 and a current ratio of 4.05.

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

Insider Transactions at ShaMaran Petroleum

In related news, Director William A.W. Lundin purchased 501,500 shares of the business's stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average cost of C$0.12 per share, for a total transaction of C$60,180.00. Corporate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.