ShaMaran Petroleum (CVE:SNM) Share Price Passes Below 50 Day Moving Average – Here’s Why

Shares of ShaMaran Petroleum Corp. (CVE:SNMGet Free Report) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.24 and traded as low as C$0.24. ShaMaran Petroleum shares last traded at C$0.25, with a volume of 53,034 shares changing hands.

ShaMaran Petroleum Stock Down 3.9%

The company’s 50-day simple moving average is C$0.24 and its 200 day simple moving average is C$0.24. 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 market cap of C$704.49 million, a P/E ratio of 8.83 and a beta of 1.49.

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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