ShaMaran Petroleum Corp. (CVE:SNM) Director William A.W. Lundin Acquires 501,500 Shares

ShaMaran Petroleum Corp. (CVE:SNM - Get Free Report) Director William A.W. Lundin bought 501,500 shares of ShaMaran Petroleum stock in a transaction dated Monday, December 23rd. The shares were acquired at an average cost of C$0.12 per share, for a total transaction of C$60,180.00.

ShaMaran Petroleum Trading Down 7.7 %

Shares of CVE:SNM traded down C$0.01 on Wednesday, hitting C$0.12. The company had a trading volume of 27,000 shares, compared to its average volume of 283,251. The firm's 50-day simple moving average is C$0.10 and its two-hundred day simple moving average is C$0.08. The firm has a market capitalization of C$340.80 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 Corp. has a 1 year low of C$0.04 and a 1 year high of C$0.13.

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.