ShaMaran Petroleum (CVE:SNM) Shares Down 8% – Should You Sell?

Shares of ShaMaran Petroleum Corp. (CVE:SNM) fell 8% during mid-day trading on Wednesday . The company traded as low as C$0.12 and last traded at C$0.12. 294,070 shares changed hands during trading, an increase of 54% from the average session volume of 191,500 shares. The stock had previously closed at C$0.13.

ShaMaran Petroleum Trading Down 8.0 %

The company has a debt-to-equity ratio of 148.75, a quick ratio of 1.07 and a current ratio of 4.05. The stock has a fifty day moving average of C$0.11 and a 200 day moving average of C$0.09. The company has a market capitalization of C$326.60 million, a P/E ratio of -3.75 and a beta of 1.14.

ShaMaran Petroleum (CVE:SNM) last announced 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%. As a group, equities research analysts anticipate that ShaMaran Petroleum Corp. will post 0.0271318 EPS for the current fiscal year.

Insider Buying and Selling at ShaMaran Petroleum

In other ShaMaran Petroleum news, Director William A.W. Lundin purchased 501,500 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was acquired at an average cost of C$0.12 per share, for a total transaction of C$60,180.00. Insiders own 25.89% of the company’s stock.

ShaMaran Petroleum Company Profile

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.