Insider Selling: Samson Oil & Gas Lim Director Unloads 90,000 Shares of Stock (SSN)
Samson Oil & Gas Lim (NYSE:SSN) Director Eugene C. Mccolley sold 90,000 shares of the stock on the open market in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $0.44, for a total transaction of $39,600.00. The sale was disclosed in a filing with the SEC, which is available at this link.
Samson Oil & Gas Lim (NYSE:SSN) traded down 2.79% on Friday, hitting $0.4423. 170,813 shares of the company’s stock traded hands. Samson Oil & Gas Lim has a 52 week low of $0.28 and a 52 week high of $0.95. The stock has a 50-day moving average of $0.36 and a 200-day moving average of $0.42. The company’s market cap is $62.8 million. Samson Oil & Gas Lim also was the recipient of a significant increase in short interest in the month of June. As of June 13th, there was short interest totalling 1,278,792 shares, an increase of 3.5% from the May 30th total of 1,235,258 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 863,461 shares, the short-interest ratio is currently 1.5 days.
Samson Oil & Gas Limited is an Australia-based company active in the energy sector. Its principal activities include oil and gas exploration, development and production in the United States.
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