ShaMaran Petroleum (CVE:SNM) Trading 13.6% Higher – Should You Buy?

ShaMaran Petroleum Corp. (CVE:SNM) traded up 13.6% during trading on Monday . The company traded as high as C$0.16 and last traded at C$0.15. 1,728,256 shares traded hands during mid-day trading, an increase of 571% from the average session volume of 257,441 shares. The stock had previously closed at C$0.13.

ShaMaran Petroleum Stock Up 13.6 %

The firm has a market capitalization of C$426 million, a PE ratio of -3.75 and a beta of 1.14. The business’s fifty day moving average price is C$0.12 and its 200 day moving average price is 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.

ShaMaran Petroleum (CVE:SNM) last posted its quarterly earnings data on Thursday, November 7th. The company reported C$0.04 earnings per share for the quarter. ShaMaran Petroleum had a negative return on equity of 7.04% and a negative net margin of 12.93%. On average, equities research analysts forecast that ShaMaran Petroleum Corp. will post 0.0271318 earnings per share for the current fiscal year.

Insider Activity at ShaMaran Petroleum

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