ShaMaran Petroleum (CVE:SNM) Hits New 52-Week High – Still a Buy?

ShaMaran Petroleum Corp. (CVE:SNM) reached a new 52-week high on Tuesday . The stock traded as high as C$0.18 and last traded at C$0.18, with a volume of 42285 shares trading hands. The stock had previously closed at C$0.17.

ShaMaran Petroleum Price Performance

The firm has a market cap of C$350.19 million, a PE ratio of 4.77 and a beta of 1.14. The firm has a fifty day simple moving average of C$0.13 and a two-hundred day simple moving average of C$0.10. The company has a debt-to-equity ratio of 100.09, a quick ratio of 1.07 and a current ratio of 4.89.

Insider Buying and Selling at ShaMaran Petroleum

In other ShaMaran Petroleum news, Director Garrett Soden sold 11,113,667 shares of the firm’s 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 transaction of C$1,667,050.05. Also, Director William A.W. Lundin purchased 501,500 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were purchased at an average price of C$0.12 per share, with a total value of C$60,180.00. 25.89% of the stock is currently owned by company 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.