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

ShaMaran Petroleum Corp. (CVE:SNM - Get Free Report) 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 changing hands. The stock had previously closed at C$0.17.

ShaMaran Petroleum Stock Down 2.9 %

The company has a quick ratio of 1.07, a current ratio of 4.89 and a debt-to-equity ratio of 100.09. The company has a fifty day simple moving average of C$0.13 and a 200-day simple moving average of C$0.10. The firm has a market cap of C$340.18 million, a P/E ratio of 4.63 and a beta of 1.14.

Insider Activity at ShaMaran Petroleum

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