ShaMaran Petroleum (CVE:SNM) Share Price Crosses Above 200-Day Moving Average – Here’s Why

by · The Cerbat Gem

ShaMaran Petroleum Corp. (CVE:SNM – Get Free Report) shares 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.

ShaMaran Petroleum Stock Performance

The firm has a 50 day moving average price of C$0.10 and a 200-day moving average price of 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 company has a market cap of C$340.80 million, a P/E ratio of -3.75 and a beta of 1.14.

Insider Buying and Selling at ShaMaran Petroleum

In other news, Director William A.W. Lundin bought 501,500 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was purchased at an average price 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

(Get Free Report)

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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