ShaMaran Petroleum (CVE:SNM) Hits New 1-Year High – Here’s Why

ShaMaran Petroleum Corp. (CVE:SNM) hit a new 52-week high on Wednesday . The company traded as high as C$0.24 and last traded at C$0.24, with a volume of 16415 shares changing hands. The stock had previously closed at C$0.24.

ShaMaran Petroleum Stock Performance

The company’s 50-day moving average price is C$0.18 and its two-hundred day moving average price is C$0.12. The company has a market cap of C$460.25 million, a P/E ratio of 6.26 and a beta of 1.14. The company has a current ratio of 4.89, a quick ratio of 1.07 and a debt-to-equity ratio of 100.09.

Insider Buying and Selling

In other news, Director Garrett Soden sold 11,113,667 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of C$0.15, for a total transaction of C$1,667,050.05. 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.