ShaMaran Petroleum (CVE:SNM) Hits New 12-Month High – Here’s What Happened

ShaMaran Petroleum Corp. (CVE:SNM) shares hit a new 52-week high 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 Performance

The business’s fifty day simple moving average is C$0.12 and its 200-day simple moving average is C$0.09. The firm has a market cap of C$377.72 million, a P/E ratio of -3.75 and a beta of 1.14. The company has a current ratio of 4.05, a quick ratio of 1.07 and a debt-to-equity ratio of 148.75.

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 return on equity of 7.04% and a negative net margin of 12.93%. As a group, sell-side analysts expect that ShaMaran Petroleum Corp. will post 0.0271318 earnings per share for the current year.

Insider Buying and Selling at ShaMaran Petroleum

In other news, Director William A.W. Lundin bought 501,500 shares of the stock in a transaction dated Monday, December 23rd. The stock was 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.