ShaMaran Petroleum (CVE:SNM) Stock Price Up 8.7% – What’s Next?

Shares of ShaMaran Petroleum Corp. (CVE:SNM) traded up 8.7% on Monday . The company traded as high as C$0.13 and last traded at C$0.13. 304,680 shares changed hands during trading, an increase of 81% from the average session volume of 168,223 shares. The stock had previously closed at C$0.12.

ShaMaran Petroleum Trading Up 8.7 %

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. The company has a market cap of C$355 million, a P/E 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.

ShaMaran Petroleum (CVE:SNM) last released its earnings results 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%. On average, analysts predict that ShaMaran Petroleum Corp. will post 0.0271318 EPS for the current year.

Insiders Place Their Bets

In related news, Director William A.W. Lundin purchased 501,500 shares of the stock in a transaction dated Monday, December 23rd. The stock was bought at an average cost of C$0.12 per share, with a total value of C$60,180.00. Company insiders own 25.89% of the company’s stock.

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.