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

ShaMaran Petroleum Corp. (CVE:SNM)’s share price reached 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 changing hands. The stock had previously closed at C$0.21.

ShaMaran Petroleum Price Performance

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

Insider Activity

In other news, Director William A.W. Lundin purchased 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, for a total transaction of C$60,180.00. Also, Director Garrett Soden sold 11,113,667 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of C$0.15, for a total transaction of C$1,667,050.05. Corporate 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.