ShaMaran Petroleum (CVE:SNM) Trading 13.6% Higher – Should You Buy?

ShaMaran Petroleum Corp. (CVE:SNM) shares traded up 13.6% on Monday . The company traded as high as C$0.16 and last traded at C$0.15. 1,728,256 shares traded hands during trading, an increase of 571% from the average session volume of 257,441 shares. The stock had previously closed at C$0.13.

ShaMaran Petroleum Price Performance

The stock has a market capitalization of C$426 million, a P/E ratio of -3.75 and a beta of 1.14. 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’s 50-day simple moving average is C$0.12 and its 200-day simple moving average is C$0.09.

ShaMaran Petroleum (CVE:SNM) last released its quarterly earnings data on Thursday, November 7th. The company reported C$0.04 earnings per share for the quarter. ShaMaran Petroleum had a negative net margin of 12.93% and a negative return on equity of 7.04%. As a group, sell-side analysts expect that ShaMaran Petroleum Corp. will post 0.0271318 EPS for the current fiscal year.

Insider Activity

In related news, Director William A.W. Lundin bought 501,500 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was bought at an average price of C$0.12 per share, for a total transaction of C$60,180.00. 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.