ShaMaran Petroleum (CVE:SNM) Stock Price Up 4.5% – Here’s What Happened

ShaMaran Petroleum Corp. (CVE:SNM) rose 4.5% during trading on Monday . The company traded as high as C$0.12 and last traded at C$0.12. Approximately 1,728,925 shares traded hands during trading, an increase of 496% from the average daily volume of 290,064 shares. The stock had previously closed at C$0.11.

ShaMaran Petroleum Price Performance

The company has a current ratio of 4.05, a quick ratio of 1.07 and a debt-to-equity ratio of 148.75. The business has a 50-day moving average price of C$0.09 and a 200 day moving average price of C$0.08. The stock has a market cap of C$326.60 million, a PE ratio of -3.75 and a beta of 1.14.

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.