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.
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.
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.
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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