ShaMaran Petroleum Corp. (CVE:SNM – Get Rating)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.09 and traded as low as C$0.08. ShaMaran Petroleum shares last traded at C$0.08, with a volume of 3,206 shares changing hands.
ShaMaran Petroleum Price Performance
The company has a debt-to-equity ratio of 168.18, a quick ratio of 1.07 and a current ratio of 4.07. The business’s 50 day simple moving average is C$0.09 and its 200-day simple moving average is C$0.09. The stock has a market capitalization of C$225.60 million, a price-to-earnings ratio of 1.33 and a beta of 1.10.
About ShaMaran Petroleum
ShaMaran Petroleum Corp., together with its subsidiaries, engages in the exploration and development of oil and gas. The company holds a 27.6% interest in the Atrush Block production sharing contract, which covers an area of 269 square kilometers located in the Kurdistan region of Iraq. It also provides technical and administration services.
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