ShaMaran Petroleum (CVE:SNM) Stock Price Up 8.7% – Time to Buy?

ShaMaran Petroleum Corp. (CVE:SNM)’s stock price was up 8.7% during mid-day trading on Monday . The company traded as high as C$0.13 and last traded at C$0.13. Approximately 304,680 shares traded hands during mid-day trading, an increase of 81% from the average daily volume of 168,223 shares. The stock had previously closed at C$0.12.

ShaMaran Petroleum Price Performance

The company has a debt-to-equity ratio of 148.75, a current ratio of 4.05 and a quick ratio of 1.07. The company has a 50 day moving average price of C$0.12 and a 200 day moving average price of C$0.09. The firm has a market cap of C$340.80 million, a PE ratio of -3.75 and a beta of 1.14.

ShaMaran Petroleum (CVE:SNM) last announced 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%. Sell-side analysts expect that ShaMaran Petroleum Corp. will post 0.0271318 EPS for the current fiscal year.

Insider Buying and Selling at ShaMaran Petroleum

In other ShaMaran Petroleum news, Director William A.W. Lundin acquired 501,500 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was purchased 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 owned by corporate insiders.

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.