Shares of ShaMaran Petroleum Corp. (CVE:SNM – Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$0.13 and last traded at C$0.13, with a volume of 15000 shares traded. The stock had previously closed at C$0.13.
ShaMaran Petroleum Stock Performance
The company’s 50 day simple moving average is C$0.11 and its 200 day simple moving average is 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 stock has a market cap of C$369.20 million, a PE ratio of -3.75 and a beta of 1.14.
Insider Buying and Selling
In other 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 acquired at an average cost of C$0.12 per share, with a total value of C$60,180.00. 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.
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