ShaMaran Petroleum (CVE:SNM) Shares Down 8% – Should You Sell?

Posted by Trevor Kearing on Jan 22nd, 2025

ShaMaran Petroleum Corp. (CVE:SNM – Get Free Report)’s share price traded down 8% during trading on Wednesday . The stock traded as low as C$0.12 and last traded at C$0.12. 294,070 shares were traded during mid-day trading, an increase of 54% from the average session volume of 191,500 shares. The stock had previously closed at C$0.13.

ShaMaran Petroleum Stock Performance

The firm has a market cap of C$326.60 million, a PE ratio of -3.75 and a beta of 1.14. The company has a quick ratio of 1.07, a current ratio of 4.05 and a debt-to-equity ratio of 148.75. The business has a 50 day simple moving average of C$0.11 and a two-hundred day simple moving average of C$0.09.

ShaMaran Petroleum (CVE:SNM – Get Free Report) last released 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%. As a group, 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 news, Director William A.W. Lundin bought 501,500 shares of the stock in a transaction on Monday, December 23rd. The stock was bought at an average cost of C$0.12 per share, for a total transaction of C$60,180.00. 25.89% of the stock is owned by corporate insiders.

About ShaMaran Petroleum

(Get Free Report)

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.