Shares of ShaMaran Petroleum Corp. (CVE:SNM – Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.
ShaMaran Petroleum Stock Performance
The company has a 50 day moving average price of C$0.10 and a 200 day moving average price of C$0.08. 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 capitalization of C$355 million, a price-to-earnings ratio of -3.75 and a beta of 1.14.
Insider Activity
In related news, Director William A.W. Lundin acquired 501,500 shares of the stock in a transaction dated Monday, December 23rd. The stock was purchased at an average cost of C$0.12 per share, with a total value of C$60,180.00. Corporate insiders own 25.89% of the company’s stock.
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.
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