Insider Selling: ShaMaran Petroleum Corp. (CVE:SNM) Director Sells C$1,667,050.05 in Stock

ShaMaran Petroleum Corp. (CVE:SNM) Director Garrett Soden sold 11,113,667 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of C$0.15, for a total transaction of C$1,667,050.05.

ShaMaran Petroleum Trading Down 3.1 %

Shares of CVE SNM opened at C$0.16 on Thursday. The company has a current ratio of 4.05, a quick ratio of 1.07 and a debt-to-equity ratio of 148.75. The firm has a market capitalization of C$440.20 million, a PE ratio of -3.75 and a beta of 1.14. The business has a 50-day moving average price of C$0.12 and a two-hundred day moving average price of C$0.09. ShaMaran Petroleum Corp. has a one year low of C$0.04 and a one year high of C$0.16.

ShaMaran Petroleum (CVE:SNM) last issued its earnings results 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%. As a group, analysts predict that ShaMaran Petroleum Corp. will post 0.0271318 earnings per share for the current fiscal year.

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.