ShaMaran Petroleum Corp. (CVE:SNM - Get Free Report)'s stock price traded up 8.7% during mid-day trading on Monday . The stock traded as high as C$0.13 and last traded at C$0.13. 304,680 shares were traded during trading, an increase of 81% from the average session volume of 168,223 shares. The stock had previously closed at C$0.12.
ShaMaran Petroleum Trading Up 8.7 %
The business has a 50-day moving average of C$0.12 and a 200-day 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. The stock has a market cap of C$355 million, a price-to-earnings ratio of -3.75 and a beta of 1.14.
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 (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 forecast that ShaMaran Petroleum Corp. will post 0.0271318 earnings per share for the current year.
Insider Buying and Selling 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 bought at an average price 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.
About ShaMaran Petroleum
(
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.
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