ShaMaran Petroleum (CVE:SNM) Trading 8.3% Higher – What’s Next?

ShaMaran Petroleum Corp. (CVE:SNM) rose 8.3% during trading on Wednesday . The stock traded as high as C$0.13 and last traded at C$0.13. Approximately 495,942 shares changed hands during trading, an increase of 147% from the average daily volume of 200,498 shares. The stock had previously closed at C$0.12.

ShaMaran Petroleum Stock 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$383.40 million, a P/E ratio of -3.75 and a beta of 1.14. The firm’s 50 day moving average is C$0.12 and its 200 day moving average is C$0.09.

ShaMaran Petroleum (CVE:SNM) last posted its quarterly earnings data 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%. Analysts anticipate that ShaMaran Petroleum Corp. will post 0.0271318 EPS for the current year.

Insider Buying and Selling at ShaMaran Petroleum

In related news, Director William A.W. Lundin purchased 501,500 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were acquired 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 company insiders.

About ShaMaran Petroleum

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.