ShaMaran Petroleum (CVE:SNM) Trading Up 17.4% – Should You Buy?

Shares of ShaMaran Petroleum Corp. (CVE:SNM) traded up 17.4% during mid-day trading on Monday . The company traded as high as C$0.16 and last traded at C$0.16. 1,018,256 shares changed 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 Trading Up 3.2 %

The firm has a market capitalization of C$454.40 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. The business’s 50 day moving average is C$0.12 and its two-hundred day moving average is C$0.09.

ShaMaran Petroleum (CVE:SNM) last announced its earnings results on Thursday, November 7th. The company reported C$0.04 EPS for the quarter. ShaMaran Petroleum had a negative return on equity of 7.04% and a negative net margin of 12.93%. Analysts expect that ShaMaran Petroleum Corp. will post 0.0271318 EPS for the current year.

Insider Activity at ShaMaran Petroleum

In related news, Director William A.W. Lundin purchased 501,500 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average price 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.