ShaMaran Petroleum Corp. (CVE:SNM - Get Free Report) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$0.15 and traded as high as C$0.20. ShaMaran Petroleum shares last traded at C$0.19, with a volume of 527,941 shares.
ShaMaran Petroleum Stock Performance
The stock has a 50-day simple moving average of C$0.15 and a 200 day simple moving average of C$0.11. The company has a debt-to-equity ratio of 100.09, a current ratio of 4.89 and a quick ratio of 1.07. The company has a market capitalization of C$390.21 million, a PE ratio of 5.31 and a beta of 1.14.
Insider Activity
In related news, Director William A.W. Lundin acquired 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. Also, Director Garrett Soden sold 11,113,667 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of C$0.15, for a total value of C$1,667,050.05. Company insiders own 25.89% of the company's stock.
ShaMaran Petroleum Company Profile
(
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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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