ShaMaran Petroleum (CVE:SNM) Stock Price Up 8.7% – What’s Next?

ShaMaran Petroleum Corp. (CVE:SNM) was 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. Approximately 304,680 shares were traded during mid-day trading, an increase of 81% from the average daily volume of 168,223 shares. The stock had previously closed at C$0.12.

ShaMaran Petroleum Stock Down 4.0 %

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 firm’s 50-day moving average price is C$0.12 and its 200 day moving average price is C$0.09. The firm has a market capitalization of C$340.80 million, a price-to-earnings ratio of -3.75 and a beta of 1.14.

ShaMaran Petroleum (CVE:SNM) last announced 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%. Sell-side analysts expect that ShaMaran Petroleum Corp. will post 0.0271318 EPS for the current year.

Insider Buying and Selling

In other news, Director William A.W. Lundin acquired 501,500 shares of ShaMaran Petroleum stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average price of C$0.12 per share, with a total value of C$60,180.00. 25.89% of the stock is currently owned by company insiders.

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.