ShaMaran Petroleum (CVE:SNM) Reaches New 1-Year High – Time to Buy?

ShaMaran Petroleum Corp. (CVE:SNM) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$0.17 and last traded at C$0.17, with a volume of 2960 shares traded. The stock had previously closed at C$0.17.

ShaMaran Petroleum Price Performance

The firm has a market capitalization of C$468.60 million, a P/E ratio of -3.75 and a beta of 1.14. The business’s fifty day moving average is C$0.12 and its 200 day moving average is C$0.09. The company has a current ratio of 4.05, a quick ratio of 1.07 and a debt-to-equity ratio of 148.75.

Insider Buying and Selling at ShaMaran Petroleum

In other news, Director Garrett Soden sold 11,113,667 shares of ShaMaran Petroleum stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of C$0.15, for a total value of C$1,667,050.05. Also, Director William A.W. Lundin acquired 501,500 shares of the firm’s stock in a transaction that occurred on 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. 25.89% of the stock is owned by corporate insiders.

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.