ShaMaran Petroleum (CVE:SNM) Share Price Passes Below 50 Day Moving Average – What’s Next?

Shares of ShaMaran Petroleum Corp. (CVE:SNM) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.20 and traded as low as C$0.19. ShaMaran Petroleum shares last traded at C$0.20, with a volume of 1,062,175 shares traded.

ShaMaran Petroleum Price Performance

The company has a debt-to-equity ratio of 100.09, a quick ratio of 1.07 and a current ratio of 4.89. The business has a 50 day moving average price of C$0.20 and a 200-day moving average price of C$0.13. The company has a market capitalization of C$390.21 million, a price-to-earnings ratio of 5.31 and a beta of 1.14.

Insider Buying and Selling at ShaMaran Petroleum

In other news, 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. 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.