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

ShaMaran Petroleum Corp. (CVE:SNM) traded down 8% during 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 mid-day 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 Stock Down 4.2 %

The stock has a fifty day moving average price of C$0.12 and a two-hundred day moving average price of C$0.09. The company has a market cap of C$326.60 million, a price-to-earnings 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.

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 return on equity of 7.04% and a negative net margin of 12.93%. As a group, sell-side analysts expect that ShaMaran Petroleum Corp. will post 0.0271318 EPS for the current year.

Insider Buying and Selling

In other ShaMaran Petroleum news, Director William A.W. Lundin acquired 501,500 shares of the stock in a transaction dated Monday, December 23rd. The stock was purchased at an average cost of C$0.12 per share, with a total value of C$60,180.00. 25.89% of the stock is owned by 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.