ShaMaran Petroleum Corp. (CVE:SNM - Get Free Report) was up 13.6% during trading on Monday . The stock 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 daily volume of 257,441 shares. The stock had previously closed at C$0.13.
ShaMaran Petroleum Price Performance
The stock's 50-day moving average is C$0.12 and its 200 day moving average is C$0.09. The company has a debt-to-equity ratio of 148.75, a current ratio of 4.05 and a quick ratio of 1.07. The company has a market cap of C$454.40 million, a PE ratio of -3.75 and a beta of 1.14.
ShaMaran Petroleum (CVE:SNM - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported C$0.04 earnings per share for the quarter. ShaMaran Petroleum had a negative return on equity of 7.04% and a negative net margin of 12.93%. On average, equities analysts anticipate that ShaMaran Petroleum Corp. will post 0.0271318 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other ShaMaran Petroleum news, Director Garrett Soden sold 11,113,667 shares of ShaMaran Petroleum stock in a transaction that occurred on Monday, February 3rd. The shares were 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 company's stock in a transaction dated Monday, December 23rd. The stock was acquired at an average cost of C$0.12 per share, for a total transaction of C$60,180.00. 25.89% of the stock is currently owned by insiders.
About ShaMaran Petroleum
(
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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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