ShaMaran Petroleum Corp. (OTCMKTS:SHASF – Get Free Report) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 9,232 shares, an increase of 94.6% from the April 15th total of 4,743 shares. Based on an average daily trading volume, of 42,337 shares, the days-to-cover ratio is presently 0.2 days.
ShaMaran Petroleum Stock Performance
Shares of SHASF stock opened at C$0.13 on Friday. ShaMaran Petroleum has a fifty-two week low of C$0.13 and a fifty-two week high of C$0.21. The business’s 50 day moving average price is C$0.15 and its 200-day moving average price is C$0.16.
ShaMaran Petroleum Company Profile
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.
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