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ShaMaran Petroleum (CVE:SNM) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

ShaMaran Petroleum logo with Energy background

ShaMaran Petroleum Corp. (CVE:SNM - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$0.08 and traded as high as C$0.13. ShaMaran Petroleum shares last traded at C$0.13, with a volume of 100,022 shares.

ShaMaran Petroleum Trading Down 4.0 %

The company has a 50 day simple moving average of C$0.10 and a two-hundred day simple moving average of C$0.09. The company has a debt-to-equity ratio of 148.75, a quick ratio of 1.07 and a current ratio of 4.05. The company has a market cap of C$340.80 million, a PE ratio of -3.75 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 firm's stock in a transaction on Monday, December 23rd. The stock was bought at an average cost of C$0.12 per share, with a total value of C$60,180.00. Insiders own 25.89% of the company's stock.

About ShaMaran Petroleum

(Get Free Report)

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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