Insider Buying: ShaMaran Petroleum Corp. (CVE:SNM) Director Purchases 501,500 Shares of Stock

ShaMaran Petroleum Corp. (CVE:SNM) Director William A.W. Lundin acquired 501,500 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were bought at an average price of C$0.12 per share, for a total transaction of C$60,180.00.

ShaMaran Petroleum Stock Performance

ShaMaran Petroleum stock traded down C$0.01 during trading hours on Wednesday, hitting C$0.12. The stock had a trading volume of 27,000 shares, compared to its average volume of 283,251. The company has a 50-day moving average of C$0.10 and a two-hundred day moving average of C$0.08. The company has a quick ratio of 1.07, a current ratio of 4.05 and a debt-to-equity ratio of 148.75. ShaMaran Petroleum Corp. has a fifty-two week low of C$0.04 and a fifty-two week high of C$0.13. The company has a market cap of C$340.80 million, a PE ratio of -3.75 and a beta of 1.14.

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.