ShaMaran Petroleum Corp. (CVE:SNM - Get Free Report)'s share price rose 17.4% during trading on Monday . The stock traded as high as C$0.16 and last traded at C$0.16. Approximately 1,018,256 shares were traded during trading, an increase of 330% from the average daily volume of 236,737 shares. The stock had previously closed at C$0.13.
ShaMaran Petroleum Price 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 stock has a market cap of C$454.40 million, a PE ratio of -3.75 and a beta of 1.14. The business has a 50 day moving average price of C$0.12 and a two-hundred day moving average price of C$0.09.
ShaMaran Petroleum (CVE:SNM - Get Free Report) last announced its 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%. Research analysts expect 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 purchased 501,500 shares of ShaMaran Petroleum stock in a transaction dated Monday, December 23rd. The stock was bought at an average cost of C$0.12 per share, for a total transaction of C$60,180.00. Also, Director Garrett Soden sold 11,113,667 shares of the business's 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. Insiders own 25.89% of the company's stock.
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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