ShaMaran Petroleum (CVE:SNM) Share Price Passes Below 50-Day Moving Average of $0.09

ShaMaran Petroleum Corp. (CVE:SNMGet Rating) shares passed 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$0.10, with a volume of 6,051,448 shares trading hands.

The business’s 50 day moving average price is C$0.09 and its two-hundred day moving average price is C$0.08. The stock has a market cap of C$212.13 million and a P/E ratio of 11.88. The company has a current ratio of 0.75, a quick ratio of 0.14 and a debt-to-equity ratio of 1,633.39.

ShaMaran Petroleum Company Profile (CVE:SNM)

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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