ShaMaran Petroleum (CVE:SNM) Sets New 1-Year High – Should You Buy?

ShaMaran Petroleum Corp. (CVE:SNM) shares reached a new 52-week high during trading on Thursday . The stock traded as high as C$0.14 and last traded at C$0.14, with a volume of 717476 shares changing hands. The stock had previously closed at C$0.12.

ShaMaran Petroleum Stock Up 5.7 %

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 company has a market capitalization of C$369.20 million, a price-to-earnings ratio of -3.75 and a beta of 1.14. The business has a 50-day simple moving average of C$0.12 and a two-hundred day simple moving average of C$0.09.

ShaMaran Petroleum (CVE:SNM) last posted 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 net margin of 12.93% and a negative return on equity of 7.04%. As a group, equities analysts predict that ShaMaran Petroleum Corp. will post 0.0271318 EPS for the current year.

Insider Activity

In other news, Director William A.W. Lundin purchased 501,500 shares of the firm’s stock in a transaction dated 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. Insiders own 25.89% of the company’s stock.

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.