ShaMaran Petroleum Corp. (OTCMKTS:SHASF – Get Free Report) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 31,924 shares, an increase of 2,715.2% from the May 14th total of 1,134 shares. Based on an average daily volume of 29,598 shares, the days-to-cover ratio is presently 1.1 days.
ShaMaran Petroleum Stock Performance
Shares of SHASF stock traded down C$0.09 during mid-day trading on Tuesday, hitting C$0.10. 4,600 shares of the stock were exchanged, compared to its average volume of 286,058. The stock’s fifty day simple moving average is C$0.13 and its two-hundred day simple moving average is C$0.16. ShaMaran Petroleum has a 12-month low of C$0.00 and a 12-month high of C$0.21.
About ShaMaran Petroleum
ShaMaran Petroleum is a Canada?based upstream oil and gas company that focuses on the exploration, development and production of crude oil in the Kurdistan Region of Iraq. The company’s principal asset is a 27.6% working interest in the Atrush block, located near the Turkish border, where it partners with international firms and the Kurdistan Regional Government to develop and operate the Atrush oil field. Production began in late 2017, and crude is exported via pipeline to the Turkish Mediterranean port of Ceyhan.
Since its incorporation in 2007, ShaMaran has concentrated on building its position in under-explored hydrocarbon provinces.
Featured Articles
- Five stocks we like better than ShaMaran Petroleum
- The Bank of Mom and Dad Is Booming—3 Stocks to Watch
- Corning Is Paving AI’s Future With Glass
- Why’s Amazon Suddenly Lagging the S&P 500, and Is It a Warning?
- Crypto Winter Is Here: 3 Stocks To Put On Ice This Summer
Receive News & Ratings for ShaMaran Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ShaMaran Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.
