ShaMaran Petroleum (CVE:SNM) Stock Price Up 15.2% – What’s Next?

ShaMaran Petroleum Corp. (CVE:SNM) was up 15.2% during trading on Monday . The stock traded as high as C$0.16 and last traded at C$0.15. Approximately 2,409,256 shares traded hands during mid-day trading, an increase of 735% from the average daily volume of 288,396 shares. The stock had previously closed at C$0.13.

ShaMaran Petroleum Price Performance

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

ShaMaran Petroleum (CVE:SNM) last posted its quarterly earnings data on Thursday, November 7th. The company reported C$0.04 earnings per share (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, sell-side analysts anticipate that ShaMaran Petroleum Corp. will post 0.0271318 earnings per share for the current fiscal year.

Insider Activity

In related news, Director William A.W. Lundin purchased 501,500 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was acquired at an average price of C$0.12 per share, with a total value 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.