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

ShaMaran Petroleum Corp. (CVE:SNM)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as C$0.16 and last traded at C$0.16, with a volume of 84150 shares trading hands. The stock had previously closed at C$0.16.

ShaMaran Petroleum Price Performance

The firm has a market capitalization of C$454.40 million, a PE ratio of -3.75 and a beta of 1.14. The business’s fifty day moving average price is C$0.12 and its 200 day moving average price is C$0.09. 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 posted its quarterly earnings data 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%. On average, equities research analysts forecast that ShaMaran Petroleum Corp. will post 0.0271318 earnings per share for the current fiscal year.

Insider Transactions at ShaMaran Petroleum

In other ShaMaran Petroleum news, Director Garrett Soden sold 11,113,667 shares of ShaMaran Petroleum stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of C$0.15, for a total value of C$1,667,050.05. Also, Director William A.W. Lundin bought 501,500 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were acquired 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.