ShaMaran Petroleum Corp. (CVE:SNM - Get Free Report) shares traded up 15.2% on Monday . The company traded as high as C$0.16 and last traded at C$0.15. 2,409,256 shares traded hands during mid-day trading, an increase of 735% from the average session volume of 288,396 shares. The stock had previously closed at C$0.13.
ShaMaran Petroleum Price Performance
The company has a market capitalization of C$454.40 million, a PE ratio of -3.75 and a beta of 1.14. The company has a current ratio of 4.05, a quick ratio of 1.07 and a debt-to-equity ratio of 148.75. The company's 50 day moving average price is C$0.12 and its 200-day moving average price is C$0.09.
ShaMaran Petroleum (CVE:SNM - Get Free Report) last announced 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%. On average, sell-side analysts forecast that ShaMaran Petroleum Corp. will post 0.0271318 earnings per share for the current fiscal year.
Insider Activity at ShaMaran Petroleum
In related news, Director William A.W. Lundin purchased 501,500 shares of the firm'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. Also, Director Garrett Soden sold 11,113,667 shares of the business's stock in a transaction dated 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. 25.89% of the stock is owned by insiders.
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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