ShaMaran Petroleum (CVE:SNM) Stock Passes Below Fifty Day Moving Average – Here’s Why

ShaMaran Petroleum Corp. (CVE:SNMGet Free Report) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.25 and traded as low as C$0.25. ShaMaran Petroleum shares last traded at C$0.25, with a volume of 46,417 shares.

ShaMaran Petroleum Stock Performance

The firm has a market cap of C$704.49 million, a price-to-earnings ratio of 8.83 and a beta of 1.42. The company has a debt-to-equity ratio of 100.09, a current ratio of 4.89 and a quick ratio of 1.07. The firm has a fifty day simple moving average of C$0.25 and a two-hundred day simple moving average of C$0.23.

ShaMaran Petroleum Company Profile

(Get Free Report)

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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