ShaMaran Petroleum (CVE:SNM) Stock Passes Below 50-Day Moving Average - Time to Sell?

ShaMaran Petroleum Corp. (CVE:SNM - Get Free Report)'s share price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$0.21 and traded as low as C$0.20. ShaMaran Petroleum shares last traded at C$0.20, with a volume of 33,353 shares changing hands.

ShaMaran Petroleum Trading Down 4.9 %

The business's fifty day moving average is C$0.21 and its 200-day moving average is C$0.15. The stock has a market capitalization of C$390.21 million, a PE ratio of 5.31 and a beta of 1.14. The company has a quick ratio of 1.07, a current ratio of 4.89 and a debt-to-equity ratio of 100.09.

Insider Activity at ShaMaran Petroleum

In related news, Director Garrett Soden sold 11,113,667 shares of the business's stock in a transaction that occurred 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 owned by insiders.

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.

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