ShaMaran Petroleum (CVE:SNM) Shares Cross Above 50 Day Moving Average – Here’s What Happened

ShaMaran Petroleum Corp. (CVE:SNMGet Free Report)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$0.24 and traded as high as C$0.26. ShaMaran Petroleum shares last traded at C$0.25, with a volume of 271,263 shares changing hands.

ShaMaran Petroleum Trading Up 2.0%

The company has a debt-to-equity ratio of 100.09, a quick ratio of 1.07 and a current ratio of 4.89. The stock has a market cap of C$718.86 million, a P/E ratio of 8.33 and a beta of 1.24. The stock has a 50-day moving average price of C$0.24 and a 200-day moving average price of C$0.22.

About ShaMaran Petroleum

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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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