ShaMaran Petroleum (CVE:SNM) Reaches New 52-Week High – Here’s What Happened

ShaMaran Petroleum Corp. (CVE:SNM)’s stock price reached a new 52-week high on Thursday . The company traded as high as C$0.14 and last traded at C$0.14, with a volume of 717476 shares. The stock had previously closed at C$0.12.

ShaMaran Petroleum Trading Up 5.7 %

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 has a 50-day simple moving average of C$0.12 and a 200-day simple moving average of C$0.09. The company has a market cap of C$369.20 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 return on equity of 7.04% and a negative net margin of 12.93%. On average, analysts predict that ShaMaran Petroleum Corp. will post 0.0271318 EPS for the current fiscal year.

Insider Activity at ShaMaran Petroleum

In other ShaMaran Petroleum news, Director William A.W. Lundin bought 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. 25.89% of the stock is currently owned by company 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.