ShaMaran Petroleum (CVE:SNM) Shares Pass Below 50-Day Moving Average of $0.08
Shares of ShaMaran Petroleum Corp. (CVE:SNM – Get Free Report) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.08 and traded as low as C$0.08. ShaMaran Petroleum shares last traded at C$0.08, with a volume of 542,005 shares trading hands.
ShaMaran Petroleum Stock Performance
The stock has a market cap of C$226.40 million, a price-to-earnings ratio of -8.00 and a beta of 1.20. The company’s fifty day simple moving average is C$0.08 and its two-hundred day simple moving average is C$0.07. The company has a debt-to-equity ratio of 183.22, a current ratio of 1.57 and a quick ratio of 1.07.
Insider Transactions at ShaMaran Petroleum
In related news, Senior Officer Alex C. Lengyel sold 356,160 shares of the firm’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of C$0.61, for a total value of C$217,257.60. 25.89% of the stock is currently owned by 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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