ShaMaran Petroleum (CVE:SNM) Stock Price Crosses Below Fifty Day Moving Average of $0.08

ShaMaran Petroleum Corp. (CVE:SNM) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.08 and traded as low as C$0.08. ShaMaran Petroleum shares last traded at C$0.08, with a volume of 542,005 shares trading hands.

ShaMaran Petroleum Trading Down 5.9 %

The company has a market cap of C$226.40 million, a price-to-earnings ratio of -8.00 and a beta of 1.20. The business’s 50 day moving average price is C$0.08 and its 200-day moving average price is C$0.07. The company has a current ratio of 1.57, a quick ratio of 1.07 and a debt-to-equity ratio of 183.22.

Insiders Place Their Bets

In other news, Senior Officer Alex C. Lengyel sold 356,160 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of C$0.61, for a total value of C$217,257.60. Company 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.