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

ShaMaran Petroleum Corp. (CVE:SNM) Director William A.W. Lundin bought 501,500 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was 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 %

CVE:SNM opened at C$0.12 on Friday. ShaMaran Petroleum Corp. has a 1 year low of C$0.04 and a 1 year high of C$0.13. The stock has a market cap of C$340.80 million, a P/E ratio of -3.75 and a beta of 1.14. 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 stock has a 50-day simple moving average of C$0.10 and a 200-day simple moving average of C$0.08.

ShaMaran Petroleum Company Profile

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.