ShaMaran Petroleum (CVE:SNM) Stock Price Up 17.4% – Still a Buy?

Shares of ShaMaran Petroleum Corp. (CVE:SNM) traded up 17.4% during trading on Monday . The stock traded as high as C$0.16 and last traded at C$0.16. 1,018,256 shares traded hands during trading, an increase of 330% from the average session volume of 236,737 shares. The stock had previously closed at C$0.13.

ShaMaran Petroleum Price Performance

The firm has a market capitalization of C$454.40 million, a price-to-earnings ratio of -3.75 and a beta of 1.14. The stock’s 50 day moving average price is C$0.12 and its two-hundred day moving average price is C$0.09. The company has a debt-to-equity ratio of 148.75, a current ratio of 4.05 and a quick ratio of 1.07.

ShaMaran Petroleum (CVE:SNM) last issued its quarterly earnings results on Thursday, November 7th. The company reported C$0.04 earnings per share (EPS) for the quarter. ShaMaran Petroleum had a negative return on equity of 7.04% and a negative net margin of 12.93%. On average, equities research analysts anticipate that ShaMaran Petroleum Corp. will post 0.0271318 EPS for the current year.

Insider Activity at ShaMaran Petroleum

In other ShaMaran Petroleum news, Director William A.W. Lundin bought 501,500 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average price of C$0.12 per share, with a total value of C$60,180.00. 25.89% of the stock is currently owned by corporate insiders.

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.