ShaMaran Petroleum (CVE:SNM) Hits New 1-Year High – Here’s What Happened

ShaMaran Petroleum Corp. (CVE:SNM) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$0.16 and last traded at C$0.16, with a volume of 84150 shares trading hands. The stock had previously closed at C$0.16.

ShaMaran Petroleum Stock Down 3.1 %

The stock has a market cap of C$440.20 million, a PE ratio of -3.75 and a beta of 1.14. 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’s 50-day moving average price is C$0.12 and its 200 day moving average price is C$0.09.

ShaMaran Petroleum (CVE:SNM) last released its quarterly earnings results on Thursday, November 7th. The company reported C$0.04 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, analysts forecast that ShaMaran Petroleum Corp. will post 0.0271318 EPS for the current fiscal year.

Insider Activity

In other news, Director William A.W. Lundin bought 501,500 shares of the firm’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. 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.