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 purchased 501,500 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were purchased at an average cost of C$0.12 per share, for a total transaction of C$60,180.00.

ShaMaran Petroleum Stock Down 7.7 %

Shares of CVE SNM opened at C$0.12 on Friday. The company has a 50 day simple moving average of C$0.10 and a 200 day simple moving average of C$0.08. The company has a debt-to-equity ratio of 148.75, a current ratio of 4.05 and a quick ratio of 1.07. ShaMaran Petroleum Corp. has a 1 year low of C$0.04 and a 1 year high of C$0.13. The firm has a market cap of C$340.80 million, a PE ratio of -3.75 and a beta of 1.14.

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.