ShaMaran Petroleum (CVE:SNM) Reaches New 1-Year High – Here’s What Happened

ShaMaran Petroleum Corp. (CVE:SNM) shares hit a new 52-week high on Tuesday . The stock traded as high as C$0.22 and last traded at C$0.22, with a volume of 313000 shares trading hands. The stock had previously closed at C$0.21.

ShaMaran Petroleum Price Performance

The company has a market capitalization of C$470.25 million, a P/E ratio of 6.40 and a beta of 1.14. The company’s 50-day moving average price is C$0.16 and its two-hundred day moving average price is C$0.12. The company has a debt-to-equity ratio of 100.09, a current ratio of 4.89 and a quick ratio of 1.07.

Insider Activity

In other ShaMaran Petroleum news, Director William A.W. Lundin purchased 501,500 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average cost of C$0.12 per share, with a total value of C$60,180.00. Also, Director Garrett Soden sold 11,113,667 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of C$0.15, for a total transaction of C$1,667,050.05. Insiders own 25.89% of the company’s stock.

ShaMaran Petroleum Company Profile

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.