ShaMaran Petroleum Corp. (CVE:SNM – Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as C$0.13 and last traded at C$0.13, with a volume of 15000 shares. The stock had previously closed at C$0.13.
ShaMaran Petroleum Stock Performance
The stock’s 50-day simple moving average is C$0.11 and its 200 day simple moving average is C$0.09. The company has a market capitalization of C$369.20 million, a PE ratio of -3.75 and a beta of 1.14. The company has a debt-to-equity ratio of 148.75, a quick ratio of 1.07 and a current ratio of 4.05.
Insider Buying and Selling at ShaMaran Petroleum
In related news, Director William A.W. Lundin purchased 501,500 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were bought at an average cost of C$0.12 per share, for a total transaction 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.
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